Originally Posted by
dhc1180
This pay deal is being typical drawn over a ridiculous amount of time whilst the CEO bangs on about netting 1 billion this year.
This is not correct. I’m 100% against how the company is dealing with this but stick to facts when posting here about your own(?) employer.
What the board and senior management has communicated to the market is “medium-term targets with the ambition to deliver >£1bn PBT”.
If that was the target for this year it would mean more than doubling profit this year from 2023 numbers.
All after his CFO admitted in an interview he’s was glad to have secured a below inflation pay deal post Covid and referred to all crew as cost buckets. That’s fine. Don’t give us what’s fair, in a cost of living crisis when you want your massive profits, then we’ll strike. Goodbye pocket lining!
This 100% but also, it’s the CFOs job keep costs down, to balance costs and deliver profits. BALPA’s job, and other unions involved for other groups of employees, is to look after the interests of easyJet pilots in the UK and to act as a counterweight to the company’s mission to increase profits.