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View Full Version : EK - Exchange Rate Protection Values Halved- New Joiners Be Warned


sandpitslave
28th January 2008, 17:46
New joiners be warned that the ERP values EK are advertising are false (maybe they just forgot to alter them).

From Jan this year the value of ERP has halved as the historical value of the Dhirham versus your home currency has been changed by the company.

For UK sterling the value of this payment is now only 40% of what I got in my dec pay check. Like everything elkse in this choclate coated dog !!!!! company they did not tell me this.

Does not apply to US citizens as the UAE Dh value is fixed to the us$

What a nice way to start the year a 4.4 % pay cut.

Already looking to move back to easy, heavy new aircraft, they can shove them where the sun doesn't shine. Back to easy for me, easy it may not have been but at least I had a Union and a CAA who would not put up with the !!!! they pull here and a court I could sue them in.

hairspray
28th January 2008, 21:27
Absolutely, ERP almost halved this month, how the hell did that happen ?

What with my Feb roster plus this, really feel like im getting shafted. Finding it very difficult to justify being here any more, updated C.V on it's way.

MAKAVELI320
28th January 2008, 22:53
U GUYS R VERY FUNNY WHEN U CAME HERE IT WAS ALL ALRIGHT NOW ITS ALL SUCK BARE IN MIND IM NOT IN EK BUT IN THE SANDPIT SO WHAT THE F..K R U WAITTIN FOR JUST GO AND MOVE ON AND LET US ENJOY THE SUNY SIDE OF THIS WORLD PEACE BE ON U ALL OF US ,THE STERLING IS OUT, NOW WE TALKIN ABOUT EUROS AND DOLLAS BRO GET A LIFE AND THE IMPIRE IS GONE LEAVE IN A REALLY WORLD :ugh:

MAKAVELI320
28th January 2008, 22:56
AND BY THE WAY EASY JET IS WAITTIN FOR YA IF THEY WILL TAKE YA:ugh:

Backwater
29th January 2008, 03:23
MAKAVELI320 - STOP SHOUTING!
Your keyboard has a caps lock, try turning it off. It will make your diatribe slightly easier to read, although with your teenage-mutant texting skills I doubt it.:E

yoyonow
29th January 2008, 03:47
Sandpit

Let's get this straight. and without the rant. Are you infering that the company has changed its policy, as stated in the Employee handbook, or that the average 5 year rate has been manipulated.

Or can you just not read a contract?

Fart Master
29th January 2008, 05:49
I would suspect that as a result of the dollar being weak for such a long time that the 5 year moving average is catching up with us, plus the dollar strenghtened slightly last month.

I think somewhere in the groupworld site there is a list of the 5yr moving average figures.

MAKAVELI320......NO NEED TO SHOUT YOU K**B, WHAT A PATHETIC RANT

wee one
29th January 2008, 08:27
I think yoll find easy have stopped recruiting and are shafting new joiners with different contracts.So much for the union.RYR are tinkers, the charterers are in the usual turmoil.Take your rating and go east young man.

Seriously i could give you an email for a charterer looking for 738 rated guys.
Same !!!! everywhere though. Just the depth that varies.

pm me for the email.

disconnected
31st January 2008, 04:27
EK haven't changed the contract or manipulated the 5 year rolling average figure.

The problems is that most pilots haven't bothered to consider how the ERP actually works.

The rolling average is catching up on the pound. Soon it will on the other currencies. ERP will decline to nothing and in the course of the next year there will be a 7.5% salary cut for those who have been doing well on the ERP.

EK will continue to take revenue in highly valued currencies and pay you in Dirhams so they will continue to benefit from lower wage costs.

Why do you think the UAE hasnt depegged or revalued. Every day the dirham drops, all the expats building the country get paid less. They worry about inflation but that's a problem that the workers must pay for too. Why would they dream of upsetting this little arrangement?

The ERP is an advertising gimmic - nothing more. It only partially addresses short term currency fluctuations. It will not address the long term and deliberate devaluation of the dollar.

LazyPilotEK
31st January 2008, 08:13
The ERP is not an advertising gimmick; it entered use well before the start of relatively recent intensive recruitment, and purely as a way to offset SOME of the effect of currency change. Logically, a pilot joining TODAY should not be eligible for most if not all of the ERP payment. This is because Emirates is not responsible for the exchange rate, no matter what benefit they receive from it. Those who have watched their home-currency effective salary drop by over 30% in the last five years are catered for to a predetermined extent by ERP. Those who join today knowing the rate isn't that good but accept it anyway still get an ERP payment, to the best of my knowledge, and therefore are AHEAD because the company want everyone on the same deal (secret deals aside). I know this isn't what people want to hear but let's be reasonable. We all joined knowing it is a five year rolling average. All that kept the payments up is a steady decline in the rate. But if the GBP rate has changed by 40% in one month then to my thinking, something is dead wrong. Or can you just not read a contract? If you think ERP is in your contract then I'd suggest a re-read might be in order.

menard
31st January 2008, 08:28
MAKAVELI320, how did your english test go?

TwinJock
31st January 2008, 11:32
Rant and rave, moan, groan and bitching supreme!

See you at CBC at 02H00 in the next few days - otherwise, if you are not happy, set sail to the promised land!

Not seeing too many leaving!:ok:

ERP is a fact - manipulating the figures - I do not think so!

watertheflowers
31st January 2008, 12:32
You are all whingers.

I'm on early starts for the next few days. If you're not satisfied with my roster then you should look for another job.

I don't see many people leaving.

EK pilots are paid ERP, the company is open and honest when calculating those payments.




Still makes no sense.

ernestkgann
31st January 2008, 14:55
Plenty are leaving, you just mightn't know them.

fatbus
31st January 2008, 15:56
there is not near as many gone or going this year as last, even with Voz 777 and maybe a few more to Jetstar, the number's are low

Marooned
31st January 2008, 17:20
Still 11 months left this year fatty, plenty have had or are going for interviews... CVs being polished up.

The ERP never came close to repairing the damage the $s decline has done.

disconnected
31st January 2008, 17:58
Its interesting watching core issues on threads being sidetracked. Happens every time and there is a pattern forming.

If we screen those consistent sidetrackers I think a few things might become apparent...

ekpilot
31st January 2008, 19:59
SS all valid points, but ERP is part of all of what you mentioned i think. It's when you add all these minor problems that you get what EK has become.

5star
31st January 2008, 21:34
Dear Ernest,

I try to keep things S&S (not easy in this company I admit).
If I look at my ranking on the seniority list I don't see myself climbing any more since 5-6 months or so... to me that is an indication almost no one is leaving...:confused: How do you do your maths?

ernestkgann
1st February 2008, 00:30
One of my friends left late last year, one has resigned and several more to go by mid this year, give it time. I've been here a while and only moved up 60 places or so but plenty have left behind me.

yoyonow
1st February 2008, 03:55
Lazy,

I do try not to be too naïve, there are things I would change about Dubai and Emirates tomorrow if I had the chance; needless to say I don’t.

ERP is not perfect but the endless and largely baseless conspiracy theories undermine the validity of real concerns. If you would like to read my contract ERP is there in black and white.

menard
2nd February 2008, 12:35
Well said SS.

Once again, somebody is trying to discuss a valid point. But the "If you don't like it, you can leave" all come to the rescue of the company.

Sad. If I start an airline one day, I'll hire them all. Then I'll cut their salaries and benefits. On their only off day of the month, I'll have them come and wash my car, for free.

Love you bunch of s..kers!

Fork Handles
2nd February 2008, 13:45
Seamen et al,
Maybe you can cast your opinion on my dilemma.
I have been offered DEC at EK. (no Im not a wannabe , previous widebody flying).I went to the interview purley as it coincided with days off and I was curious. I am aware of the unpopular element of this policy.Another arguement

I have also been offered a charter wideboby (command and trg) in UK.

Now charter can be dodgy , in terms of take overs fluctuating market etc.
Dubai can be a marmite place, but the job is steady.I am not a new boy to expat life.

Last month whilst on a short haul fleet sojourn , I made more money after tax than an fd07 at ek without tax. (6 Flights from 3 to 12 hrs)I will make more back on the long haul (approx 5 to 10 flights usa/carib bullets and lays) I dont get a hse or lift to work and i use NHS dentists, i get 3 months paid sick pa but essentially the contact is the same,with a less diverse route stucture obviously with no staff tvl worth mentioning.

Is it so bad at ek/dubai now that the move would be silly or is it a minority of moaners in a world where very few companies can offer security of tenure.(my biggest issue) and diverse flying (id like)
The same issues do seem to surface on each thread.
Uk doesnt appeal to me anymore but is DUbai the way out??
Any reasonable opionions welcome.
I apologise for thread creep but this thread seemed to have reasoned debate as oppossed to the usual ek vitriol witnessed on here
Cheers
Fork

mensaboy
2nd February 2008, 16:33
You have a tough decision because I understand the issues with charter flying. If you come as a DEC I have no doubt you will be happy for a period of time. Then, if you are like most pilots here, things begin to wear you down over time.

You will NOT be looked after by the company. Sometimes yes, when it comes to things like an illness or a family death. (although even that one has become tenuous at best) But overall the company does not give a rats ass about pilots here.

You allude to the fact that you are better off financially now. Did i read that correctly? If you are better off financially then think twice about coming here. As far as coming as a DEC, you will be treated the same as if you joined as an F/O and did your time. Pilots here are pretty good about that, in other words not blaming you personally for a flawed and idiotic policy.

Here is my guess for your future if you come to EK. You will come here, find the immense growth of both the city and airline to be fascinating. You will enjoy the flying too because the route structure and aircraft are great. Everything else, such as bidding or FTL's will be a negative. After 4 to 6 years you will be seriously considering some other expat job because the growth of both airline and city becomes an irritant to you as it affects your daily life in a negative manner.

If you are married, your biggest issue will be if the family likes it here. Their happiness or lack thereof will have a bigger effect on you, than all the other crap or good things about this job and this place.

My best advice is this. If you are happy where you are........ stay there. If you are not happy where you are, then the veneer of Dubai will last longer for you and subsequently will result in you staying a few more years in Dubai, thereby making your move a better choice.

Best of luck.

Fork Handles
2nd February 2008, 19:07
Mensa,
Thanks for the reply. I do make more net than a fd07 with about half the work. Thats on the shorthaul fleet. Obviously I have to pay bills out of that but thats a winter paypacket.With occaisional Dops and duty it regularly gets to the point wher after tax and bills its still about the fd07 i have on the sample contract.(using 7.3 d and 100 hrs duty.)
I have considerable seniority but it is charter so kind of mute.

The move appeals but I agree its a function of how long individual tolerances are. The thought of worldwide 777 is tempting but is it enough?

Back to the musing.
Thanks again

violate
2nd February 2008, 19:46
Mensa is spot on with his assessment, one of the best I have seen. I would argue that Dubai and the airline will pi** you totally off a bit quicker than his 4 to 6 years, as the decline is like going down the back side of a drag curve (accelerating rapidly).
A tough decision to be honest, never under estimate the benefits of living among civilised people, where you have some rights, even though you don't notice or exercise them on a regular basis.

Capt Roo
3rd February 2008, 00:50
Fork (love the Handle)

You and I are in the same boat mate. I fly in the Far east but have been looking at EK for some time. My research is done in bars for the most part, and the ones in Dubai have got expensive - inflation is a worry.

Two main problems have kept me avoiding the nice girl in recruitment who keeps calling.

One is the duty times. EK seem to be playing with these and not counting bunk time or something. I have met guys who routinely fly over 100 in 28. Maybe this is voluntary, but if not there is no way I can do this. Too old, and hear that the EK bunks are awful anyway.

More recently there seems to be an issue with commuting. I knew of guys who do commute to Aus - Perth mostly. My T&S won't live year round in Dubai, so this is a deal breaker for me.

Have heard that there are more Aus commuting contracts in the pipeline with Chinese and Indian airlines. Will wait for these I reckon.

Good luck with your decision.

SOPS
3rd February 2008, 01:18
Reading 'Roo's post above...seems the word is out, be careful EKM, you might get what you wish for.....:cool:

Backwater
3rd February 2008, 04:30
One is the duty times. EK seem to be playing with these and not counting bunk time or something. I have met guys who routinely fly over 100 in 28. Maybe this is voluntary, but if not there is no way I can do this. Too old, and hear that the EK bunks are awful anyway.

A good example of the style of management you can expect is the use of factoring.
The GCAA were concerned that cadet pilots would count time spent as augmenting pilot when adding their hours for the issue of an ATPL. They wrote to EK about it. The letter was misinterpreted (hey anyone can make an honest mistake, right?) and the current policy is that augmenting pilots now only count 'stick time' when calculating their flight hours for FTL purposes.
In other words you can augment to SYD (14 hours block) but only count 6 hours toward your 100/28,900/12mth totals. The pairing includes a SYD_CHC_SYD (7hours) and another 14 hours augmenting back to DXB. The result 35 hours of block of which only 19 hours count!
In EK there is no union and no meaningful dialogue with the pilot group. Nothing is voluntary here except working on days off!(for now).

Leave is another big issue. A recent change limited the maximum period of leave to three weeks. If you live 8-10 time zones away that impacts your quality of leave. There was no consultation prior to this change. The reason for the change was that more guys would get the hallowed 'peak leave' (school holidays). I have yet to see any evidence of this.

A recent letter outlawed the use of vacant cabin seats for longhaul rest if a Crew Rest Cabin was available. If you augment to SYD, at 10.30am you are expected to lie horizontal in a coffin space and sleep for six hours during a circadien high. There is no option. I hear the 777 CRC is very noisy and uncomfortable.

Just a few examples illustrating the pilot groups lack of power in EK. There are many more.

CT7
4th February 2008, 07:35
Virgin Australia are looking for B777 drivers......