Originally Posted by
BalloonBuster
HK labour law might say so, but no such thing exists in OZ, US, Canada or Europe.
Contracts on bases are enforceable and will be followed.
Base companies are just employment entities, they generate no income, cut the supply of funds off from the parent, they become insolvent, employees become creditors.
As for LIFO, it will be a 2 step process, new COS21 with a similar restructuring clause to COS18, it will be a productivity based contract so everyone effectively goes on SLS (base pay with no productivity pay). They can then restructure who they want then want in any order.
These are not original ideas, it is MBA 101, "Creating Value Through Corporate Restructuring". The only people guaranteed to have a job when the music stops is the people making the cuts, they signed their NDAs months ago