I said it last year and I'll say it again, in these uncertain times we cannot afford to enter multi-year pay deals, we'll lose every time!
Most have forgotten or simply don't realise that years ago the Company persuaded us to forego annual pay negotiations in return for profit sharing... we all know where that has led us!
We have to return to annual bargaining for inflation related salary adjustments, just like everyone else! Time and resource consuming it may be but the Company has saved itself a small fortune since it last paid the relevant profit share to its aircrew; or maybe most of you believe HK$2000 adequately compensates you for the annual loss of spending power and static input to your pitiful retirement packages.