In a video message to the company’s 27,000 employees, Tang said they were being asked to take up to three weeks leave with no pay between next month and June. Cathay has 500 to 600 employees in Taiwan, local Chinese-language media reported. Tang said that Cathay was experiencing “one of the most difficult Chinese New Year holidays we have ever had” because of the outbreak. “With such an uncertain outlook, preserving our cash is now the key to protecting our business.”He announced a series of measures to tackle the crisis, including asking staff to voluntarily take unpaid leave. The last time Cathay asked staff to take unpaid leave was in 2009 in the wake of the global financial crash.

Source: Taipei Times February 05, 2020 15:56 UTC