Originally Posted by
cabbages
'Cut your losses, CX is not worth it.'
I think many of the expats left in CX after this week are busy running the numbers to see how viable it is to get out now. The company has been sat on this for months and yet, such is their contempt, the flight crew are given days to make life changing decisions. No extension says the DFO, sign or termination. Of course after 1 November any further severance packages will be based on our new budget CoS, rock bottom basic salaries with no repatriation allowances. Brilliant CK! Force everyone onto a COS20 and then fire them anyway on cheaper terms.
The maximum possible statutory severance package under the employment ordnance is $390,000, and that money is offset against the P-Fund
https://www.labour.gov.hk/eng/faq/cap57l_whole.htm#q9
Ask the ex-KA employees, they only received the minimum statuary severance payment (from their P-fund), all benefits immediately terminated, no medical, no repatriation flights, no repatriation of belongings.