Air NZ pilot redundancies
You can understand why: it would potentially provide a significant number of flights though his empty infrastructure, income from the car parking and taxi concessions, rental from the shops, etc. etc.
A.T.M. he's looking at a dozen half-empty flights a day, almost all the costs of running an international airport and almost no income.
There's no harm in ironing out the details of a possible Trans-Tasman bubble sometime in the future. As they say, Piss Poor Planning Promotes Piss Poor Performance.
But I can't blame them for not jumping on the idea at the request of the Airport Company. There's bigger fish to fry at the moment.
But I can't blame them for not jumping on the idea at the request of the Airport Company. There's bigger fish to fry at the moment.
I heard 300 pilots is the final number, those 300 to be offered redundancy payout with option to return at bottom of list or furlough with no payment but to retain seniority and pay on return. Those that remain will be on a reduced roster in return for a 14% pay cut.
Ardern, unlike most countries on the planet, wants to keep people alive at all costs...
So far Foran is making the right moves to keep the airline alive. If he succeeds then obviously he was the right choice for the position. If he fails it won't be for the want of trying.
So far Foran is making the right moves to keep the airline alive. If he succeeds then obviously he was the right choice for the position. If he fails it won't be for the want of trying.
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I heard 300 pilots is the final number, those 300 to be offered redundancy payout with option to return at bottom of list or furlough with no payment but to retain seniority and pay on return. Those that remain will be on a reduced roster in return for a 14% pay cut.
Furlough you forfeit your Redundancy Payout to retain service benefits and remain an employee on the Seniority list while effectively on LWOP. Your pay step is frozen while on Furlough but service benefits continue to accrue.
Redundancy you get paid out and your Seniority number is reserved. When/If re-employed all service benefits are reset and you're effectively a new hire Pilot.
Regardless of which option a Pilot chooses, it's last off first on so assuming all Pilots are re-hired, no one gains or loses Seniority by choosing one over the other.
Furlough cannot be forced by the Company. Once redundancy notices have been issued each Pilot will be given the choice.
A Pilot who chooses Furlough however, has 3 years to change their mind and take the Redundancy Payout so the Company must account for the debt,
The numbers are not finalized and nothing has been ratified yet.
Redundancy you get paid out and your Seniority number is reserved. When/If re-employed all service benefits are reset and you're effectively a new hire Pilot.
Regardless of which option a Pilot chooses, it's last off first on so assuming all Pilots are re-hired, no one gains or loses Seniority by choosing one over the other.
Furlough cannot be forced by the Company. Once redundancy notices have been issued each Pilot will be given the choice.
A Pilot who chooses Furlough however, has 3 years to change their mind and take the Redundancy Payout so the Company must account for the debt,
The numbers are not finalized and nothing has been ratified yet.
It depends on how you look at the numbers.
The number published of 387 is the total reduction off today's Seniority list they want in 12 months time. Based on a predicted schedule.
There are about 110 Regional Pilots who, while on the Jet Seniority list, are still employed in the Regionals and are thus on "LWOP" from the Jets. So the actual reduction is ~280 Flying Pilots, this is before Retirements and other measures such as Early exits or LWOP are counted, so the actual number of Redundancies could be 200 or less (active Jet Pilots). The 110 Regional Pilots will also be "made redundant" if their number falls within the final number (most of them probably will), but it's mostly administrative as they'll retain their Regional Commands and will added back onto the Jet List in Seniority order.
A 30% reduction in the Airline does not necessarily equate to a 30% reduction in Pilots. Partly because we were short on Pilots to begin with, but also due to the logistical issues of downtraining. Add in some of the Manpower planning requirements the company has agreed to (still to be ratified by the Pilots), redundancies should be a lot less than 30% under the current forecasts.
The number published of 387 is the total reduction off today's Seniority list they want in 12 months time. Based on a predicted schedule.
There are about 110 Regional Pilots who, while on the Jet Seniority list, are still employed in the Regionals and are thus on "LWOP" from the Jets. So the actual reduction is ~280 Flying Pilots, this is before Retirements and other measures such as Early exits or LWOP are counted, so the actual number of Redundancies could be 200 or less (active Jet Pilots). The 110 Regional Pilots will also be "made redundant" if their number falls within the final number (most of them probably will), but it's mostly administrative as they'll retain their Regional Commands and will added back onto the Jet List in Seniority order.
A 30% reduction in the Airline does not necessarily equate to a 30% reduction in Pilots. Partly because we were short on Pilots to begin with, but also due to the logistical issues of downtraining. Add in some of the Manpower planning requirements the company has agreed to (still to be ratified by the Pilots), redundancies should be a lot less than 30% under the current forecasts.
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Some good points but they are not talking a 30% reduction in the airline, that was the initial estimated of workforce reduction. Keeping in mind that was some time ago and things have worsened a heap since then. The forecast is a 70% reduction of the airline, so a 10-20% reduction of pilot resource does not match a 70% reduction of the airline overall. That is my point making the 200 number way off the mark?
I think by every metric it is way off the mark based on all the communications. For all sorts of reasons 200 is on the mark, for Jet, at this stage.
I don't think anyone is under the illusion that in a situation that is out of our control there will only ever be one wave of redundancies. Certainly I think everyone hopes there are the absolute minimum.
But Air New Zealand isn't planning to be 70% smaller in 12 months time.
I don't think anyone is under the illusion that in a situation that is out of our control there will only ever be one wave of redundancies. Certainly I think everyone hopes there are the absolute minimum.
But Air New Zealand isn't planning to be 70% smaller in 12 months time.
We'll be back to 100% Capacity in 6 months... or was it 12 months? I could of sworn someone said 18 months... but then the last guy said 5 years, except his mate told him he was dreaming and we'll be a state owned Airline by years end?
No one knows, and anyone who claims otherwise is likely postulating for their own reasons. Many seem to relish in the doom and gloom of mass redundancies.
Personally, I prefer to deal with the facts as we have them today. I can't change tomorrow so why waste time arguing about it. Hope for the best, plan for the worst. Those are the numbers we have been given for the Jet Pilots only, the exact percentage of jobs lost in each department will vary. Sadly, those in less skilled areas will see greater cuts as with unemployment forecast to exceed 20% the company can replace them overnight when the time comes.
For Pilots, if Foran cuts too deep he'll ground the A320 fleet in the short term, then be forced to re-train all the Pilots he down-trained back to the 787 when COVID is behind us. Which it will be....eventually.
The Annual Wage bill for Jet pilots is ~$230mil. Obviously the company want to reduce it, but even if they halved it, that wouldn't save the Airline if things don't improve (and the logistics of doing so would be crippling). They're simply planning for the Airline they want to be when this is over. How long they'll carry some fat in the ranks is anyone's guess.
Make no mistake however, if things don't improve, when the share price bottoms out and we're on the verge of bankruptcy, that's when they Government will re-acquire the Airline, not before. Until then, I'd say we're stuck with the current terms of the agreed Loan. If the decision is made to revert the loan to $900mil Capital investment, the Government will want to do it when the share price has tanked, as it did in 2001/2.
No one knows, and anyone who claims otherwise is likely postulating for their own reasons. Many seem to relish in the doom and gloom of mass redundancies.
Personally, I prefer to deal with the facts as we have them today. I can't change tomorrow so why waste time arguing about it. Hope for the best, plan for the worst. Those are the numbers we have been given for the Jet Pilots only, the exact percentage of jobs lost in each department will vary. Sadly, those in less skilled areas will see greater cuts as with unemployment forecast to exceed 20% the company can replace them overnight when the time comes.
For Pilots, if Foran cuts too deep he'll ground the A320 fleet in the short term, then be forced to re-train all the Pilots he down-trained back to the 787 when COVID is behind us. Which it will be....eventually.
The Annual Wage bill for Jet pilots is ~$230mil. Obviously the company want to reduce it, but even if they halved it, that wouldn't save the Airline if things don't improve (and the logistics of doing so would be crippling). They're simply planning for the Airline they want to be when this is over. How long they'll carry some fat in the ranks is anyone's guess.
Make no mistake however, if things don't improve, when the share price bottoms out and we're on the verge of bankruptcy, that's when they Government will re-acquire the Airline, not before. Until then, I'd say we're stuck with the current terms of the agreed Loan. If the decision is made to revert the loan to $900mil Capital investment, the Government will want to do it when the share price has tanked, as it did in 2001/2.
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Well the government holds all the cards..they own a controlling interest of 52% of the company and they have total control of the border and domestic travel..on the one hand they’re peeling mega dollars off the value of their investment, on the other hand they’re making it easier when the time comes, to renationalize the shell of the remaining company
incidently, the Auckland City Council is seeing their fat interest in Auckland International Airport dissolve in front of their eyes
incidently, the Auckland City Council is seeing their fat interest in Auckland International Airport dissolve in front of their eyes
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Where on earth is this 70% figure generated from myturn - you must be privy to figures no one in the company has heard....
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Well 30% is as good a guess as 70%..or closed down and asset stripped (or 100% government owned large scale employment program like the old NZ Rail)
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Whats the story with the ex-RNZAF driver creating waves against the regional drivers on tag/release? isn't that why the industry has contracts & seniority? So we cant just bend things to suit our own agenda? Could be wrong though!