Just an other number
I hope I never have to rely on your maths on a fuel or navigation calculation...
PCCW has just made 527 people redundant out of a workforce of about 12,000. That's about 5%, not 25%.
The subsidiary is taking about 3,000. That's 25% not 50%. The paycut is approximately 10% not 20%.
This is primarily a reflection of the state of the telecoms business worldwide, not specific to Hong Kong. I am in the same business: we have laid off about 30% of our staff worldwide (meaning about 40,000 people). Many of our competitors have laid off over 50%.
What has this got to do with Cathay anyway?