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Ryanair strike woes worsen as German pilots vote for walkout

Bloomberg Ryanair Holdings Plc’s labour crisis deepened as pilots in Germany voted to strike in a dispute over pay and conditions. Crews could walk out at 24 hours’ notice after more than 96 percent of respondents backed industrial action in a poll, the Vereinigung Cockpit union said. It set an August 6 deadline for the discount carrier to avoid disruption ...

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Lotte mulls selling China malls amid anti-Korean sentiment

Bloomberg Lotte Group, reeling from a wave of anti-Korean sentiment in China for more than a year, is considering selling some of its department stores in the country, a move that would accelerate the conglomerate’s withdrawal from the world’s second-largest economy. The sale of some of Lotte Shopping Co.’s five malls is among options being reviewed in the country, a ...

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Cathay plans job cuts overseas amid competition from China

Bloomberg Cathay Pacific Airways Ltd. offered a voluntary early retirement package to employees in Japan as part of a three-year restructuring effort to revive earnings growth. Cathay is undergoing a “comprehensive review” of regional organisation including Northeast Asia, which consists of Japan, Taiwan and Korea, the airline’s Japan office said in emailed comments. Employees in Japan were briefed on the ...

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