Could be in the vicinity of 20% sacrifice to base salary just for this year alone. Pretty big gamble this time round considering the majority of the J* troops have excepted little more then 3% in last 2 EBA,s and now the company is under no obligation to talk till 2nd half of the year.
I have voted previous EBA,s down when the majority thought they were acceptable. This EBA has offered more than anything previously and am shocked that it didn't get up. The JPA have negoiated hard in good faith. As JPA members have stated the market ultimately set the standard. J* has had virtually no pilot's leave, Tiger has entered the market with worst pay and conditions and crewing planes no problem. No shortage of applicants for J* positions.
Still a lot of Ex Ansett types overseas just starting to get their various grat payments and contracts coming up for renewal with mortgage free homes back in oz wanting to come back.
Further delays of 787 and greater than 50% chance of market slow down worldwide in next 18months.
One big bluff and from what I can see company holding all the Aces.