Is it too early to say I Told You So?
Perhaps I should try my luck at predicting the lottery.
On 21 May I said in
http://www.pprune.org/forums/showthr...950#post869950
"Today (21 May) is also the release of the National Wage Council report on, amongst other things, how seniority-based wage systems have little relevance in Singapore."
Today (27 May) The Straits Times says in
http://straitstimes.asia1.com.sg/sin...1324,00.html?:
"In line with the National Wages Council's (NWC) call for businesses to move towards a more performance-linked pay structure, the airline said it was looking to overhaul its seniority-based wage system."
On 25 May I said in
http://www.pprune.org/forums/showthr...367#post874367
>>It is normal practice when job cuts are inevitable for 'Last in First Out ' to apply.
"This however gives rise to a paradox. In tough times you need to take drastic action to stem operational losses. Last in is usually most junior hence cheapest. Axing such staff is less efficient than taking a honest hard look at who is doing what for how much, and then axing those who cost the most but do the same thing as those who cost the least. Makes sense? What would you choose - cut headcount by 1 and stop losing $10000, or cut headcount by 1 and stop losing $20000?"
Today (27 May) The Straits Times says in the same story (
http://straitstimes.asia1.com.sg/sin...91324,00.html?):
"In the case of pilots, for example, the ratio between their minimum and maximum pay is almost double, with $10,000 for basic starting pay and $19,500 as the ceiling.
'The wage structure in Singapore has to be revamped so that we get away from a purely seniority-based wage system because that is uncompetitive and cannot be sustained in the longer term,' said an SIA spokesman."
On 26 May I said in
http://www.pprune.org/forums/showthr...871#post874871
"They have once again failed to realise (after years of experience of bad press) that the full might of the media will be roped in to bash them."
Today (27 May) The Straits Times says in
http://straitstimes.asia1.com.sg/top...1353,00.html?:
"Yesterday, ahead of a meeting with SIA management today, the Alpa-S said in a statement that it had been 'maligned in the media'."
Maybe ALPA-S should hire me as a strategic advisor because I can think of what the government will say and in turn they can do some scenario planning and devise pre-emptive tactics.
They sure made a mess of their image this time around.
