Cathay Pacific cuts 8,500 jobs, shuts regional airline

Hong Kong: Hong Kong airline Cathay Pacific Airways said on Wednesday it would cut 8,500 jobs and shut a regional airline as it grapples with the plunge in air travel due to the pandemic. About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. ap

New Delhi
Videocon case: Dhoots offer to pay Rs30,000 cr

The Dhoot family has offered to pay Rs 30,000 crore to lenders to settle their outstanding loans and pull out 13 Videocon group companies from the insolvency proceedings. A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot said. PTI

San Francisco
Amazon extends WFH option till June 2021

Amazon.com Inc on Tuesday told employees whose work can be done from home that they can do so until June, extending the timeline on a return to office due to the Covid pandemic. “Employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021”, an Amazon spokeswoman said, adding the guidance is applicable globally. Reuters