Cathay employee's like many others worldwide work on a three month "Rolling" contract, as it says that 3 months notice is all that is required by either side to terminate........................also one is "Re-Interviewed" for the position every 6 months or so and if the required proficiency is not achieved the company has the option to terminate your employment......................actually, as far as I am aware, this is about as secure as it gets irrespective of where you are employed worldwide.....................................Probably the main advantage of Cx is that un like your American carriers they are not prone to spending employee's provident funds to keep the company afloat whilst being protected by stupid idea's like "Chapter 11".............a good way to ensure everybody goes broke not just the badly managed companies