Let's put a stop to a vicous rumour right away:
Mmm..let's NOT. There are pilots in CX such as DEC's who should NOT be in this company, and who are the 1st in line when unavoidable redundancies will be taking place later this year..as stated.
BPP is a BIG issue in CX. After the latest SOs' victory in the courts, a LOT more BPP will have to be paid, let alone all the hundreds of FO's in line for more of the same..
So, cathay management has 2 choices here to avoid SO BPP:
- upgrade all SO's to JFO's (unlikely due to lack of trainers,slots etc.) OR
- furlough/lay-off excess pilots (in strict reverse seniority)
There will definately NOT be another round of SLS,unfortunately the only options are the ones above..
I say "unfortunate" as I certainly DON'T wish this on anybody.But then again that's the chance you take when you join a company at the bottom of a seniority list. 98% of staff has done what they could to avoid redundancies, but cannot be expected to keep on doing this.
End august/early september is correct,they will start with the bottom 150 for the 1st round.
Lets hope that things around the world improves enough BEFORE then!!!
