Closing Paris a no brainer
Costs for closing:
1. Snr CN - Move to HKG, 5 years max full housing, then they'll fark off
2. Fr8 CN - Move to HKG, 24k housing...
3. FO's - Move to HKG, full housing
4. Might Lose a few Fr8 captains/ FO's
Costs for keeping it open:
1. Conversion for Snr CN - 1 mil hkg / course... good for 5 years then they'll fark off
2. Fr8 CN - No Conversion
3. FO's - conversion - 1 mil hkg
4. French social securities!!! 10% of salaries
Benefits for Closing:
1. Make use of overmanned fr8 captains from manchester on gbp scale
2. Avoid french social secrities
3. Force some Fr8 captains to leave company ... takes care of over manning
4. problem on the 400 with freight downturn and the need for UPL
5. Intimate strong arm tactics of closing bases if mgmt doesn't get what they want with px on freighter.
Benefits for Keeping it Open:
1. Saving Full FO/ CN housing
If you do the math, french social securities will equal the housing saved which makes benefit of closing points 1, 3, 4, 5 cream...for the mgmt.