To be clear. Under HKG law you qualify for 1 month per total years service with one employer after you have completed 10 years. SO, 30 years with CX gets you 30 x 1 month plus the 3 month severence. It is basic salary with no add ons like schooling, housing and the like. Agreed it is not the best scenario but for many it would pay off that house back home and set the kids up for their entire education. The plus side is you get out of CX with a tax free lumpsum and can either retire early or start again somewhere else with some cash in hand.
Not for everyone. Maybe it would only suit a few but it is better than the fate that awaits us all when this company stops trading.
The idea has come from Merlin himself and endorsed by the new GMA. It only applies to captains.