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Solution for Financial Crisis!

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Solution for Financial Crisis!

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Old 13th Feb 2009, 07:56
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Solution for Financial Crisis!

It's EASY!!!

No need to offer unpaid leave at KA and CX....

Just retract the retirement age back to 55 years of age!

SIMPLE

If these guys have to work past 55 years because of they are on their 5th marriage then I think you deserve to go and work for China Airlines or the like on a contract job!...MOVE ON!
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Old 13th Feb 2009, 08:23
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So we lose all the experience on the top of tree? Yeah that's going to be great!
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Old 13th Feb 2009, 09:34
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experienced guys have to leave at some point................
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Old 13th Feb 2009, 09:47
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So the 50 - 55 year old guys aren't experienced enough?
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Old 13th Feb 2009, 10:05
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But by purging the top 10 years of the work force you are losing the (theoretically) group with 10 years more experience than the rest?

I understand thats not always the case but isn't last in first out more effective if people have to be let go at all.
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Old 13th Feb 2009, 10:45
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mmmmmm

it would be an interesting discussion would it not.
I don't think this would happen
however for discussion purposes.

Company makes x people redundant who are at the bottom of the seniority list.

one of them decides to sue on the basis that the top x of the seniority list shouldn't be there because they've been employed on extensions outside of the original contract?
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Old 13th Feb 2009, 11:07
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Retirement Age

I find this a strange circular argument, where red herrings are constantly raised, such as chaps on their 5th marriage. Please move on from this silly argument - take a good look at the world economy and tell me you could retire today at 55. Even Swire don't retire their staff at 55 - it was changed to 57 a few years back.

Governments around the world are already discussing how and when to increase the notational retirement age from 65 to 67 and eventually older.

The aging of the population and government regulations will bring about the change in retirement age naturally whether we like it not.
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Old 13th Feb 2009, 14:04
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Asia Miles, you are correct. But the fact is that it isn't the case yet, so guys on extension...for whatever reason....are holding guys back. Period.
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Old 13th Feb 2009, 22:10
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It has nothing to do with retirement age, number of marriages or otherwise. The simple fact is we have a COS, changes have to be negotiated and voted upon.

If it gets voted upon in the affirmative so be it, but let's keep it legal.

If we accept the blatent abuse of COS by the company then we might as well not have a COS at all.
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Old 13th Feb 2009, 23:20
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we have a CoS ?? actually there are apparently 29 different CoS/Pay Scales

and CX observe which one ??
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Old 14th Feb 2009, 01:40
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So you want one contract? Be careful what you wish for.

I understand that our wishes will be granted...soon.
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Old 14th Feb 2009, 09:49
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What does the experience of the 55+ guys have to do with it? The airline has run for 60 years without the experience of 55+ guys. Why do we need them now? Bottom line... they enjoyed a career of moving up the list as others above them retired at 55. Why should we not have the same courtesy?
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Old 14th Feb 2009, 12:17
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Just retract the retirement age back to 55 years of age!
Wouldn't the solution be twice as good by reducing the retirement age to 45, or perhaps three times as good by reducing it to 35?
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Old 14th Feb 2009, 13:38
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Cool KLM shows the way

How old is Tyler?

New fuel-hedging strategy lifts shares in Air France-KLM despite €194m loss - Times Online
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Old 14th Feb 2009, 15:09
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Or to be fair we say all can have the same length of career, say 30 years. If you join at 25 you have to leave at 55, if you join at 35 leave at 65. That gives everybody the same chance and the same duration career.
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Old 14th Feb 2009, 15:51
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So, someone who joins at 25 etc, for 30 years and retires at 55 etc can then immediately rejoin for another 30 years? Foxtrot Oscar..!

This is what is happening.

Meanwhile, I fly with long serving/capable passenger SF/O's who after 9+ years are looking at a very long status quo before command courses recommence. Nobody can justify a single extension (pax/freighter) in the current climate.

Sh* t can all extendee's on expiration of their contracts now. The training and line flying work-load on all fleets is way-down so it is time to get rid of the old extendee "fat-cats". Most of them are the worst checkers/trainers on their fleets anyway.

The "loss of experience" arguement is a joke. If you look at the experience levels of BA or Emirate's trainers then you would discover that the new generation of Cathay trainers are the norm.

It is time for CX pilots to close ranks. Extendees must go. If further cuts have to be made, then seniority applies. Last in, first out.
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Old 14th Feb 2009, 15:54
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"It is time for CX pilots to close ranks. Extendees must go. If further cuts have to be made, then seniority applies. Last in, first out."
And if 49 of your mates are sacked for no reason then we'll .....oh sorry, didn't mean it.
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Old 14th Feb 2009, 17:26
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Don't think so Jonathon, most of the 55 yr olds only joined at 35-40 after military or elsewhere
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Old 14th Feb 2009, 23:58
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An emotional issue no matter which side of the fence you're on. Still, I'm willing to bet that most of the naysayers will change their tune somewhat when they approach the ripe-old age of 55.

Let's face it, at some stage we're all going to have to deal with this issue, bite the bullet and take the good with the bad. A retirement age of 65 is fast becoming the norm in this and other industries. Some will no doubt lose out in the short term with delayed upgrades, but be better off in the long term with the possibility of working longer. Like it or not, retiring at 55 is no longer an option for many of us, given the paltry returns we're likely to see from our P-Funds and other investments over the next decade.

If the past is any guide, it would be better to negotiate something with the company than have yet another 'improved' contract imposed on us.

(PS. I'm not 55, but I hope to be one day and I'm darn sure I won't be ready to sit by the fire with my feet up...)
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Old 15th Feb 2009, 07:01
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I'd like to know; - what did your contract say when you signed it? 55? 65?
- if you wanted a job till 65, why did you sign that contract and join cx?

It appears to me everyone was quite happy signing up for 55, otherwise they wouldn't be here. So what's the problem? Why are people complaining? Why would you want to work ULH till 65?

I know that 65 will happen, but it sounds like some parties are willing to do whatever it takes to make it happen, including screwing over their junior colleagues. Such a nice bunch of people we are....
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