Im told that some CFO's were misled into believing they would have career progression within V or
VB.
Recently a few have been told the bad news......
With no prospect of promotion this is their only shot at a payrise without leaving the group.
This is true in some parts. V Australia CFO's have been told they will NOT progress as V Australia FO's. They must go to
VB as Fo's to gain experience to meet the requirements for upgrades. Several have just had interviews with
VB for internal transfer to
Vb but failed the interview process and will not be offered FO positions. So now are in a very tough place. No upgrade oportunities and no
VB movement. On the other side, ALL who signed with VA knew they were individual contracts for the positions only that they excepted (much like the japan contracts). There is NO obligation for the company to promote at all. Something to think long and hard about before signing I would think....