ProfitSharing

Pemex Takes a Bold Step: Sharing Profits with Private Sector Partners

2 months ago

In a significant shift in its operational strategy, Petróleos Mexicanos (Pemex) has announced a new initiative that will allow the state-owned oil company to share profits from its ventures with private sector partners. This decision is poised to reshape the traditional landscape of Mexico's oil industry, inviting greater collaboration and investment from private firms.

Cathay Pacific Announces Significant Reduction in Staff Profit Share Payouts

3 months ago

In a surprising move, Cathay Pacific has revealed plans to slash its profit-sharing payouts to employees by approximately 50%. This announcement comes as the airline grapples with ongoing challenges in the wake of the global pandemic and its efforts to recover financially. The drastic reduction underscores the difficult economic climate that continues to affect the aviation industry.