Not another "New" COS
Good evening,
It appears that we have yet again, been given another new COS. There have been so many changes since I joined CX, I really am not quite sure what COS I'm now on.
At first glance, this new COS change will have no real impact on me. I've been given a meagre payrise tied to HDP, and should I choose, I can now stay past 55 at my present payscale. However, for our younger members, the impact of these changes will be harder to quantify. Only time wll tell if there is an adverse effect on their progression due to the extended retirement age and the integration of ASL.
My real concern is I think that there is an even greater issue here, that for whatever reason, is being overlooked. Imagine, here we are in a time of unprecedented growth and record profits. We're told that last years record profits are supposedly going to be dwarfed by this years gains. It's boomtime, however, all I was able to secure is a meagre payrise of 1.7%, starting next year, and tied to productivity through HDP. Moreover, my profit share was only 6.4 days and I won't get a 13th month. What we are being given, in no way reflects the success of this company, nor the reality of the airline industry.
Now, given these meagre gains in the boom times, just imagine how much CX will want back in the down times. If the HKAOA cannot negotiate something of substance when we supposedly have the upper hand, what success will they have when the company wants to reduce our package.
Now, that's scary!