https://www.scmp.com/business/article/3106631/cathay-pacific-job-cuts-will-hit-hong-kong-housing-market-axed-pilots
Qantas on Thursday 25 June 2020 announced at least 6,000 employees will be laid off and another 15,000 will remain on furlough, due to economic conditions linked to the COVID-19 crisis.
Many of the skilled workers are not easy to find another similar employment, especially in the aviation imdustry. Their skills may be traferrable, but the post pandemic economy will also have to accommodate those previously retrenched workers of the same industries, and likely preference is given to those with prior experience first.
Loss of employment is going to be a trigger for the future downturn in the rental market.
Thank you for reading.
Many of the skilled workers are not easy to find another similar employment, especially in the aviation imdustry. Their skills may be traferrable, but the post pandemic economy will also have to accommodate those previously retrenched workers of the same industries, and likely preference is given to those with prior experience first.
Loss of employment is going to be a trigger for the future downturn in the rental market.
Thank you for reading.
