PPRuNe Forums - View Single Post - Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat
Old 22nd Oct 2020, 16:49
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LLLQNH
 
Join Date: Oct 2018
Location: Hong Kong
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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.
I believe this is correct! And I was reading some of the various base COS and they refer to return to hkg and what would happen if VETA ceased to exist, transfer and employment by CPA. So I agree it would seem that it wouldn't be that easy, I still think that the bases will be a thing of the past and all the guys and girls will be offered the chance to leave/retire or come to hkg and join us all on COS 18, yay...

Last edited by LLLQNH; 22nd Oct 2020 at 18:32.
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