self-financing – Charm

Hongkong Post scraps permanent contracts for new staff amid financial strain

3 weeks ago02 mins

Hong Kong’s self-financing postal administration will stop offering permanent civil service contracts to new employees as part of cost-saving measures amid a worsening financial outlook. Postmaster General Leonia Tai Shuk-yiu said on Tuesday that new Hongkong Post employees who pass probation in or after September would be offered two-year contracts on civil service terms, as…

Hong Kong to keep ‘open mind’ on options for struggling postal service

3 months ago02 mins

Hong Kong authorities have vowed to develop a long-term road map for the city’s struggling self-financing postal operator and keep an “open-mind” on all options, including privatisation or turning it into a traditional department. Acting Secretary for Commerce and Economic Development Bernard Chan Pak-li revealed the move at the Legislative Council’s economic development panel meeting…