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Thread: Westjet pay.
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Old 20th Dec 2005, 18:05
  #4 (permalink)  
brucelee
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Starting salaries in Canada are all within $3-4k per year of each other at all the "major" companies. There is no such thing as significantly higher. Westjetters keep including their RSP's in their salary. That's fine but I don't see how this differs from AC. Almost every employee at AC has RSP's and company stock AND a pension. And even after devoting all that money to investments our net salary is still higher. Simply put, bigger planes means bigger bucks. Period. It's the long term you have to look at as well. As WJ grows, there will be less profit. Less wealth to spread around. This is already happening but will get worse. Productivity will have to go up. This country cannot sustain more than one major airline. Have we not seen this before? The euphoria that has been sustainable as a small company will vanish in the coming years. I suspect that by that time Clive will be long gone with his mllions in the bank and Wjetters will be left with trying to negotiate a reasonable contract. Good luck. You heard it here first.

Last edited by brucelee; 20th Dec 2005 at 18:34.