You certainly are. Keep snoozing. This is the company that got rid of the over 60's, some on the 340 with two year bonds on one year contracts, later reduced to six month contracts ! Then, finding themselves short, go the DEC route (cos it is the most obvious) and shafts the promotion line from within. Crisis Management my dear chap from a company that finds itself in the dreadful position it is in, because of such inept management, of which it is famous.
Enjoy your promotion dreams. Better still, go somewhere else where the management is more skillfull and less corrupt.