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Old 9th May 2003, 16:40
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thegypsy
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Join Date: Jan 2001
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OZZY AIRBORNE or perhaps Ozzy Ozborne would be more appropriate???!!

First of all I was not aware we were on the flight deck! Too many magic mushrooms perhaps??

With regard to SIA. PM Goh personally intervened after 9/11 when SIA pleaded poverty and the CEO made a very public statement saying he was taking a 15% paycut,followed in quick succession by all his management acolytes,and all other staff who have no representation.

We the Pilots through Alpha-S wanted to see the small print before we agreed and also we wanted to see what the profits for the year were,and then we would have ageed to a backdated paycut if there was no profit. { If SIA make less than $1 Billion profit they claim poverty!!!!!}

Because everyone else took a paycut PM Goh intervened and basically told us to take a paycut or ELSE!!!
We all took this paycut and loss of a years service increment amd lo and behold SIA made $650 Million profit despite a $300 million write off on AirNZ/Ansett due to the CEO not being thorough enough in going through the books. He just assumed that Ansett must be a guaranteed goldmine because it had a duopoly in the internal OZ market .

We all took a unnecessary paycut in view of the profit made.

I don't think one can get much higher up the food chain of SIngapore Gov't than that do you??? Perhaps the SM??
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