Hey Myway or the highway Disconnected hit the nail on the head. lots of Smoke and Mirrors you want real proof then do a
search on Historic Exchange rates Australian Dollar verse US $ or AED as your EK salary is tied to the US Dollar any way
Pilots from Europe took a salary hit with a 14% increase in the Euro in 2006 against the US dollar. The Poms have not faired well either....
Don't be fooled by the Company exchange rate protection spool that even Einstein would have trouble explaining and dont mention the provident fund.....
what a fizzer.
The US Dollar is going to take further hits which is why the Government here have announced thet they are now converting 10% of the natioanl Foriegn reserves in to Euros next year when at present they only have 2 %
I would be asking how the company proposes to deal with the decreasing buying power of your EK salary given the historic response to date has fallen short of the mark every year.
Bet you dont get any thing in writing .....
