About two years ago this airline went from a couple of resigs/retirement a year to the present rate, possibly 120+. Anecdotally, Ed said about 4% was ok for this kind of a rock show but we must be running at about 8% at the moment. I met another mate today who was resigning without a job to go to.
It has always intrigued me that for a business that strives to control cost across the park, they are happy to accept a huge training cost in terms of upgrades and transition to cover the departures. Given that the bond is $36 000 then 120 trg ocurrences (transition/upgrade) should cost the company $4 320 000 not to mention the time lost on the line.
My logic is probably wrong but it seems a huge cost for Timmy's arrogance.