Destination management and events company, Pacific World, has announced it will cease operations globally in November 2020. In a statement, the company said the coronavirus is continuing to cause unprecedented disruptions in the travel and tourism industry and as result parent company, TUI Destination Experiences is moving to a digitalisation strategy and decided to stop […]
Tag Archives: shutdown
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Nov
Nov
Cathay Pacific has confirmed that it will reduce its workforce by approximately 8,500 employees and shutdown Cathay Dragon as part of a major restructure. Major elements of the restructuring include axing approximately 8,500 positions across the entire group, which accounts for around 24% of its established headcount. Through a recruitment freeze and natural attrition, the […]