varesino
16th Jul 2008, 07:03
Does anybody know what's about to happen after 01-01-2009, when European crews will have european contracts, being paid in €?
Salaries, taxes: is something going to change?
Rgds, V.
:confused:
BlunderBus
16th Jul 2008, 11:52
..people employed and based in europe will have their salaries taxed at source and the employer will pay the government(s)...just like they should have been doing for the last 10 years.
amazing how a little multi-million fine can bring companies into line!
555orange
19th Jul 2008, 15:31
OUCH.... Seems like Cathay has been bringing the salaries down to equate with "aftertax" at other majors. Kinda like the ME. Now that all the guys are going to have to be "onshore" and paying the going Euro rates at generally 30-50 percent, its gotta make some question if Cathay is desireable anymore. Tough to make ends meet in Europe these days. Maybe you can commute to the US or Canada and change your money. 1.6 now... LOL.
Yeager
19th Jul 2008, 15:39
Cathay Pathetics payscales in Europe after tax of whatever, 30-60% is still competitive - unfortunately. Who cares anyways, right. Like all other things. Money talks - bull**** walks. If the moneys not good enough - the jockeys will not come - will they. Or maybe they join because they want to take advantage of the companys excellent training reputation and then bugger of.. hmmm.. :}:ok:
Yeager Does Cathay have an excellent reputation for good training??
This is probably the first positive comment about the Airline that that has appeared on this thread ever ....
.........well that part part was positive ....
quadspeed
20th Jul 2008, 05:58
That's because you asked the right man, Mr.Q.
Yeager doubles as both our recruitment manager and flightcrew ambassador; a spokesman for everything that is positive about Cathay Pacific.
Liam Gallagher
20th Jul 2008, 12:01
I thought Yeager was extracting the urine.... part of that "world famous" Danish sense of humour we hear too much about...;)
Buttie Box
23rd Jul 2008, 08:45
Mr Q
In both answer to and in amplification of Yeager's comments, we have perhaps one of the worst training systems in aviation. Some would say that it's the training staff's fault but apart from the usual minority of dinosaurs and God Complex sufferers, I find most of the trainers helpful and proactive.
The problem lies in the lack of real recurrent training, especially for DEFOs. One is hired on the ability to get on and self study in order to pass through the various hoops. As a result, our command course is at least 10 weeks long because it's the first time that one has had intensive training and the company has had a chance to really assess your abilities. Even then, some say it's more of a "supervised experience" course where little training is given and the candidate is deemed suitable if he or she hasn't made a major mistake in the past 20 sectors. However, that's a little negative and my friends who have recently moved into the left seat are surprisingly positive about their experiences.
Our training consists of 2 simulators each year which are essentially canned exercises that you study in your own time. Couple that with being relief qualified (deputy captain) on a base outside HK and you will be regularly butting up against the requirement to average a sector per month. This truly isn't flying.
The Box
azdriver
23rd Jul 2008, 16:06
This is gross pay against net pay (only basic salary figures) with Uk tax:
personal allowance 5435£
0 to 36000£ 20% tax rate
above 36000£ 40% tax rate
The rates are based on 4yrs as FO 6yrs as SFO 2yrs as CTP and 8yrs as senior CPT. This is the new Unified Scale al figures in pounds
UFOyear Annual Monthly net Annual net Monthly
1 48000 4000 38174 3181,166667
2 48948 4079 1,97% 38742,8 3228,566667 1,49%
3 49932 4161 2,01% 39333,2 3277,766667 1,52%
4 57144 4762 14,44% 43660,4 3638,366667 11,00%
SFO 5 67824 5652 18,69% 50068,4 4172,366667 14,68%
6 69180 5765 2,00% 50882 4240,166667 1,62%
7 70560 5880 1,99% 51710 4309,166667 1,63%
8 71964 5997 1,99% 52552,4 4379,366667 1,63%
9 73416 6118 2,02% 53423,6 4451,966667 1,66%
10 74880 6240 1,99% 54302 4525,166667 1,64%
CPT 11 101856 8488 36,3% 70487,6 5873,966667 29,81%
12 103896 8658 2,00% 71711,6 5975,966667 1,74%
13 105972 8831 2,00% 72957,2 6079,766667 1,74%
14 108084 9007 1,99% 74224,4 6185,366667 1,74%
15 110244 9187 2,00% 75520,4 6293,366667 1,75%
16 112440 9370 1,99% 76838 6403,166667 1,74%
17 114708 9559 2,02% 78198,8 6516,566667 1,77%
18 117000 9750 2,00% 79574 6631,166667 1,76%
19 119352 9946 2,01% 80985,2 6748,766667 1,77%
20 121728 10144 1,99% 82410,8 6867,566667 1,76%
Best regards
azdriver