All of the above is pretty much true when it comes to reasons for REX to be floundering. BUT these events would have happened to even a more stable Co. that had happier employees because expansion/opertunities has hit everybody & we are seeing the Neg impact of that now. Maybe not to the degree we are seeing here now but to some extent the exit of pilots to other more lucrative jobs purely for reasons of MONEY & further education would still be happening!
There's unhappyness at all the Majors just that from those positions there is no further to go unless OS, which isn't worth it to a lot of Aussies anyway. The bigest probelem for the larger Co's is jumping ship to another major for money alone. Any Exec knows that to pay large sums of money by way of wages to keep the staff would cause the ship to sink in another way. One way is to use a lot of profit to pay employees high wages or the other is to loose the employess for not paying them higher wages in the first place.
Like that saying in a famous recent times movie....."do you want to go bankrupt by the big plane or by the big airline"? Diff words obviously but the meaning behind it is the same.
A part answer (it's never that cut & dry) is to keep the wages as high as possible bearing in mind that there is a limit & to keep the one thing that REX is lacking the most happening,....COMMUNICATION! The mindset of 'them & us' is hard to remove within any Co. but communication goes a long way towards a stable & prosperous working relationship for all concerned esspecially whilst the world is on a roller coaster ride.
That like some airlines won't last either.
My opinions only of course.
CW
p.s............btw 'krusty' the tooth fairy needs to leave a Gold credit card under kids pillows these days, a simple gold coin just doesn't cut it anymore !
