The following is meant for freighter officers only.
It depends on who wants this package...commuters wanting to get to australia or the US? For any EUR based guys it will be a huge paycut. For Aus and US based guys it will be neutral. I know there are many FEs that are EUR based that commute to Australia...they will take paycuts around 10% - CNs will take around 17% paycuts - I have assumed 13th month is paid.
I suspect this deal formally recognises the ongoing practice of hong kong rosters. Additionally, the classic will be regional only in a year or two so presumably those outport bases will close anyway(for the classic).
There will always be tax issues with basings and hence onshoring will be required. Many of our colleagues are on thin ice with their tax authorities. Being Hong Kong based and commuting may suit some of our colleagues who would prefer their name isn't listed in an onshore company employee list.
This is most definitely a commuter's offer - the lack of any housing for FO/FEs I think is the company recognising that FEs in particular have no choice in future if they wish to remain employed.
I do not see anything Machiavellian in this offer. If the CoS08 deal had been accepted, there would be no FACA and we would have UFO pay scales in place. This is similar to that situation except the pay is lower under this offer.
There is nothing positive in this deal for pax fleet officers!
Last edited by Numero Crunchero; 4th September 2007 at 00:57.
Reason: me engrish not so goud + clarity