Cause may be different, solution may be the same. Please note the effect on the conditions for staff. The Swissar Story.
Quote:
On 24 September 2001 the company presented its plans for radical change. Swissair and its regional subsidiary Crossair, where Swissair held 70 percent of the shares, would develop a new airline. Crossair was regarded as the most profitable part of the Swissair Group, where pilots were only paid 50% and cabin crews 70% of the salaries of their colleagues at Swissair. For further cost reduction more than 7,000 employees would be dismissed.
Quote:
Swiss, the Cologne-based airline, seems to be on the right financial track with its cost-cutting measures, such as slashing personnel, renegotiating contracts and moving into cheaper offices. Swiss CEO Christoph Franz has said that the company has made further progress in improving the cost base, but that it is still not sufficiently competitive yet.
I couldn't agree more. I think the time has come to wind up such a crap legacy carrier and re-build from the ground up.
Any companies staff who think they are more important than their customers needs to have their world rocked. Only an idiot forgets who pays the wages.