“Can someone find me one industry or company where this is taking place during a period of growth?”
QF is a “group” of business’s that range from fixing planes to feeding passengers to frequent flyer programs. Some of these are doing very well, but the business that carts passengers on long haul flights is not doing very well at all. Its performance can hardly be described as “a period of growth”.
Labor costs and labor inefficiencies in long haul are a significant problem that the QF CEO must solve.
“so you bad boys are actually going for a paycut?”
The smartest thing a pilot group with individuals earning high 3 figure salaries can do is offer wage cuts and efficiency gains unless marginalization is what you are seeking.
“BUT DO YOU THINK JOYCE WILL BE TAKING A PAYCUT DURING THIS PERIOD?”
Only if the market/shareholders deem it necessary. But probably not, he is considered to be an effective CEO despite not winning the most popular kid in class award from pilots.
“Cathay are up to D or something.”
Not for HKG based crew. Check your information.