Originally Posted by
MickG0105
Thanks for that.
Just back of the napkin, CPI alone from 1 July 2018 to 1 July 2022 will be over 10 percent. Puts the 5.1 percent on offer in perspective.
The salary forgone number will be substantial - if you were to just apply CPI as the pay escalator that has been foregone because of the stalled EBA, the de facto pay freeze will have generated the equivalent of around 19 percent of your 2018 salary in aggregate foregone wages. The absence of any sort of back pay in the Rex offer needs to be lined up against that.
Notably, for comparison, between June 2018 and June 2021 Sharpie's base pay rose by over 29 percent.
Who was meant to be spitting in whom's eye?
Worth noting with the above that Rex are claiming the “back pay” they are offering will close the missing pay gap. Which it obviously will not as it’s a one off payment if the pilots happen to be employed there in 4 years (ha). Quite a significant real loss of salary for these poor blokes.
I thought we were hard done by in my airlines pay “deal” but this is diabolical.