Hong Kong’s main airline Cathay Pacific (國泰航空) said yesterday it had been swamped with more than 1,600 requests for unpaid leave next year from cabin crew and pilots.
The airline said it had received requests for more than 55,000 days off after making the controversial offer at the end of last month of non-salaried time off to combat the economic downturn.
Cabin crew have applied for a total of more than 50,000 days of unpaid leave next year — almost a full week for every flight attendant — while pilots had applied for more than 5,000 days.
The applications come from 1,062 flight attendants, some of who have made more than one application, and 200 pilots.
A Cathay Pacific spokeswoman said all the pilots’ requests would be honored while some of the airline’s 7,200 cabin crew would be asked to adjust their requests because of too much demand.
The Flight Attendants Union, which represents more than 5,000 cabin crew, said demand for unpaid leave showed many flight attendants were unable to get the time off they wanted through regular leave.
The union — which distributed a circular to members outlining 10 reasons not to apply for unpaid leave — warned that colleagues of flight attendants who take unpaid leave would be left with an even heavier workload.
The Cathay spokeswoman insisted the scheme was “entirely voluntary” and said flight attendants’ regular leave had been allocated for next year before unpaid leave offer was made.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
STRUGGLING TO SURVIVE: The group is proposing a consortium of investors, with Tesla as the largest backer, and possibly a minority investment by Hon Hai Precision Nissan Motor Co shares jumped after the Financial Times reported that a high-level Japanese group has drawn up plans to seek investment from Elon Musk’s Tesla Inc to aid the struggling automaker. The group believes the electric vehicle (EV) maker is interested in acquiring Nissan’s plants in the US, the newspaper reported, citing people it did not identify. The proposal envisions a consortium of investors, with Tesla as the largest backer, but also includes the possibility of a minority investment by Hon Hai Precision Industry Co (鴻海精密) to prevent a full takeover by the Apple supplier, the report said. The group is