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Old 16th Aug 2011, 05:49
  #3053 (permalink)  
Cpt. Underpants
 
Join Date: May 2002
Location: up here, everyone looks like ants!
Posts: 966
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Güten abend CX A330
The training is not free.

You are given a "credit" of about HKD1.2 million at the beginning of your course - short, medium or long.

As you train, the cost of the training is deducted from the credit.

The longer the course, the more it costs.

12 months after qualification, you are "given" the balance as a "loan".

Short course graduates have about HKD880K remaining, medium a bit less and long course, not much at all.

The HK Revenue Department tax you in full on the "loan" when you receive it.

The "loan" is considered paid off after 6 years of service with CX.

In exchange - this is the important part - you give up expatriate benefits FOR THE DURATION OF YOUR CAREER WITH CX.

It could mean (depending on age) up to USD5 million in lost expat benefits during your career with CX.

Your "free" training will cost you US$5,000,000 ++ in your career.

Why isn't it a good job? Just google CX's record on personnel relations since 1993. Broken contracts, mass terminations (for "no particular reason") intimidation of union members, massive breaches of contract on a daily basis, frozen pay in the face of huge CoL increases, career stagnation for many, seniority bypasses, lack of regard for "scope" in contracts, refusal to negotiate with elected representatives, punitive rosters...

Please read John Warhams book "The 49'ers - The True Story" to fully understand WHO you're getting into bed with.

These are not nice people.
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