Letters | Job cuts will help Cathay Pacific navigate to profitability

Rishi Teckchandani displays a false sense of economy in his analysis of the Cathay Pacific Airways decision to lay off thousands of workers (“Cathay should have been left to market forces”, November 12). Would he have preferred the airline to have failed completely, taking with it all 33,000 jobs, to the restructuring that preserved employment for the majority while offering those who were let go the possibility of re-employment?

Similarly, the government made a strategic investment in Cathay Pacific to ensure that Hong Kong remains a viable transport hub, a decision that was, again, based on the preservation of jobs – and not the bailout that Mr Teckchandani suggests.