Profit Share and Reality
Ladies and Gents,
You have now all received your 1 months bonus and if you are like most of us, it has already been spent.
Emotion aside, the real question to ponder is why CX would offer a one month bonus when the zany formula management uses, only offered 16.5 days. Let's remember that this is a revised formula, the original would have offered nothing. A big fat ZERO.
The sole reason, staff attrition. Not only in the pilot ranks, but in the cabin crew and in particular the local staff. After the 13th month was paid, there was a mass exodus of junior cabin crew. They could do just as well, probably even better, doing any other job in Hong Kong. The number I heard 500.
It is just a short term solution, a hail mary attempt to stem the tide. Sadly for them, it is much too little, way too late.
Anyone can see that CX is in real chaos now. It is solely crisis management, just to meet the everyday needs. Onshoring to the UK is supposed to be fully established, yet they haven't got the rules straightened out. Dragonair is a mess. The European freighter pay scales got a boost because they aren't competitive. Junior cabin crew are calling in sick in droves. We're short of sim instructors and the falling HKD is forcing staff to look elsewhere. You've got senior pilots being congratulated on doing unauthorized airshows, then being summarily dismissed. There are so many payscales and COS, nobody has a clue to their present terms. Imagine, being told post 55 was one COS, to have it quickly change back to another. How does one determine career progression when the terms constantly change, sometimes daily.
Anywhere else, you would call it a profound lack of leadership at the top and people would be fired. Expect some dramatic changes in the very near future at the top due to personal reasons. In all departments, not just the aircrew.
Enjoy the ride, it's going to get interesting!