Originally Posted by
Rated De
From the article...
Finally we see the pendulum swing the other way.
The company's business model is predicated on unlimited supply not only of pilots but all labour unit cost (AKA employees)
TPG aren't really known for their appreciation of humanity, like most private equity, the strategy is strip out cost, lever the balance sheet, break things up and sell them off...Rather like Mr O'Leary and the architects of the adversarial industrial model, a Chair, CEO and senior management welded to an adversarial business model ought rightly be sent to the woodshed. The whole business model needs to change, it has had its day.
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And it keeps going on....
German Pilots versus FR Management