Thanks JB
Yes, the situation cannot be ignored and there is a need for measures to address the problem. Unfortunately SIA would appear to want their cake and eat it too. As we witnessed following 911, concessions from staff in difficult times are one way. When staff agreed to a pay reduction of up to 7% to "reduce losses and avoid retrenchment" they did not expect it to be used to increase a very reasonable profit for that year! Many staff may feel it would be acceptable to make some concessions if they felt that those concessions would be made up in more profitable times. Previous history, and the fact that even now the Company is not interested in any deal that is short term or re-fundable colour their view somewhat.