I am ex KD then AN in late 1990's now out of the game in the finance game. Yes our complany has done many a study on REX. It has even been noted here by directors that while the company has very strong financials and is very well run there has been many a discussion in analytical meetings that the coy has been far too draconian in staff relations and as such we have a DONT BUY recommendation on ethical grounds as well as large concerns that trouble is a potential factor. Many factors have been mainly based on simple business fundamentals but on a secondary level these factors have also been raised. It has also been discussed that the SE Asian office has placed on the table that the directors are considered in such a way that the company cannot be recommended either, note i havent said anything and between the lines analysis must be employed. From my perspective a recent survey from the business roundup states that the aveage salary for front desk phone receptionists is now 48K..which is more than a Saab FO. The salary is less now that in the previous 9 years and yet all costs of living have gone up. I guess it takes a special person to sleep straight at night. In saying this i am directly pointing the finger at the heads of the Operations dept as it is easily seen in the fin reports how much they are making. Personally i believe they have sold their souls for personal gain. Suiya if u are an emplyee then u are a perfect employee because u will accept a lowering in your package.
Business has a responsibilty to the bottom line and shareholders primarially but they also have a secondary responsibility to the staff, and once the staff are paid at levels where they are under immense financial stress then they are NOT good corportate citizens.
I myself have family that live at a port where REX services. I choose to drive now and I can tell u that the people in the bush are well and truly aware of being hoodwinked about REX and their heart is in the counrty retoric. Many are becomming aware that its a singaporean business and many are also aware that the staff ar being poorly treated and that does not go down well in the bush. I do not speak from personal viewpoints. One man I know is a grazier from Nyngan who was a very frequest flyer. He is absolutely stern in telling all and sundry at his local NEVER to fly REX
The directors built the coy up and all credit to them however if they only had of being good corporate citizens they would still be respected out in the bush
Suiya there can be no doubt that u are from management. Do you not care about the welfare of the staff that are earning less today than they were 9 years ago. You sir if that is the case are a person that does not deserve to be apart of the general community if u dont give two hoots about individuals.