PPRuNe Forums - View Single Post - Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat
Old 22nd Oct 2020, 10:36
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Oasis
 
Join Date: Mar 2000
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Originally Posted by Globocnik
Ok. Very shortly the only Veta employees are those on a base. And then they wrap up Veta as insolvent. Or something similar. And, the entity that employed you no longer exists. À la KA, and our unfortunate colleagues there. And bang goes LIFO ( which they achieved yesterday ) and having to retrain those pesky senior guys.
And good luck with litigation. Measured in years. By which stage your various AOA’s will be bankrupt.
They’ve patently thought this through very carefully.
They could do that, but based crew are dirt cheap, even compared with hkg based cos18.
If anything they should increase the bases if they want to save money, and they do.

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