Cathay Pacific looks set to cut overseas jobs as it 'restructures'

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Cathay Pacific is to undergo “consolidation” in its overseas offices, which could see its cargo teams reduced in size. An internal memo, reports the South China Morning Post, told regional and country teams the carrier was “restructuring”, following two years of losses. It is unclear how many jobs will be lost under the changes, but the carrier hopes to cut HK$4bn ($509m) from its books. It cut 600 jobs in head office last May and it now appears to be the turn of its international operations, with one source telling SCMP it could impact larger operations such as Australia, the US and the UK.