PPRuNe Forums - View Single Post - CAA owning shares in companies they regulate
Old 19th Sep 2023, 12:18
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Hipennine
 
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Originally Posted by AvionicsHippo
I posted this thread to see what everybody else's experience is when a company going into administration.

it all seems disadvantaged to work in our industry where it is rife for administrators to take over without notice, before the company pays holiday owing, redundancy, or notice pay.

BALPA wrote about this in 2021 when Norwegian collapsed without paying pilots what they were owed.


Just wondering why employment right to be consulted about redundancy never works in aviation, and why we just accept it and don't ask questions.
Most of what you have described is not unique to aviation. I can't remember the wording but IIRC, UK Industrial law allows any company to effect immediate redundancies without consultation in the event of financial distress. Statutory redundancy payments must still be made, but if the company calls in administrators, the redundant employees become creditors.
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