Inflation and salary expectations
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Inflation and salary expectations
Once again we find ourselves coming out of a contractual period that has had mediocre pay raises. Now, there is firm evidence that inflation is starting to rear its ugly head. The Fed fund rate is nearing 1%, and the real cost of daily goods (food/energy/rent/transportation) is much higher than it was three years ago. Question: not only does the 13th month equate to approximately 8% of ones annual salary, but the current low wages and benefits of the average pilot in CX is now being inexorably eroded each day with increasing inflation. Any pay deal that doesn't meet at least 4% per annum is actually a pay cut. Don't let CX's 'expectation management' cloud your understanding of just how far behind we are falling. Once you lose ground in a given year, you NEVER make it back in this company. Insist on a fair and advancing pay deal. Insist that your close colleagues keep their CC commitment firm and unwavering.
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Hong Kong’s Cathay Pacific announces 2 per cent pay rise for non-managerial staff
http://www.scmp.com/news/hong-kong/economy/article/2051253/hong-kongs-cathay-pacific-announces-2-cent-pay-rise-non
http://www.scmp.com/news/hong-kong/economy/article/2051253/hong-kongs-cathay-pacific-announces-2-cent-pay-rise-non
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Delta just signed a deal for a 30% pay increase until 2019. Similar deal for Southwest over 4 years. In the mean time pilots in Middle East, HK and Europe still achieving very little it seems like.
CP
CP
And Australia, we managed an 18 month wage freeze then 3% per annum. The middle class continues to get squeezed.
" Delta just signed a deal for a 30% pay increase until 2019. "
CaptProp,
And the UAL pilots are glad about it:
"…aviators at United Continental Holdings Inc. even have a contract provision that calls for pay to be increased if their counterparts at Delta win a better deal."
https://www.bloomberg.com/news/artic...ots-union-says
CaptProp,
And the UAL pilots are glad about it:
"…aviators at United Continental Holdings Inc. even have a contract provision that calls for pay to be increased if their counterparts at Delta win a better deal."
https://www.bloomberg.com/news/artic...ots-union-says
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30% pay rise sounds good doesn't it? However didn't Delta pilots voted in a 32.5% pay cut back a decade ago when the airline was in trouble? That vote saved the company from filing for bankruptcy didn't it?
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In addition didn't the Delta pilots take a further 14% pay cut the year after the 32.5% pay cut? Imagine the HKAOA trying to sell that to the Hong Kong membership! 42.6% pay cut over 12 months. I reckon you could hear the squealing from London.
Great to see the company trying to get them back towards where they were.
Great to see the company trying to get them back towards where they were.
AF... Why is that important or even of interest?
It was a wholly different company in those days, one where the executive sought the best help and was prepared to pay for it.
It was a wholly different company in those days, one where the executive sought the best help and was prepared to pay for it.
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Remember carefully the names of the pilots who told us to vote NO on the last deal. And never listen to their advice again, ever. Does anyone think we will have a chance now of reviving any of the gains offered? Anything?
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Yep fair call Bafanguy,
The pilot group accepted a massive pay cut to try and help the airline avoid going into chapter 11. Even so, after taking a massive pay cut I believe the airline subsequently filed anyway, along with a number US carriers.
The reason the pilots voted in the 32.5% pay cut was to try and help avoid that happening. Are the numbers correct on the pay cuts? 32.5% and 14%?
The pilot group accepted a massive pay cut to try and help the airline avoid going into chapter 11. Even so, after taking a massive pay cut I believe the airline subsequently filed anyway, along with a number US carriers.
The reason the pilots voted in the 32.5% pay cut was to try and help avoid that happening. Are the numbers correct on the pay cuts? 32.5% and 14%?
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IPad,
Money on the table? You fool, it was pennies at best for the young guys. It was voted down because of 2 main factors- a Clause saying I can never go into CC and a bundling of a pisspoor RP with HKPA.
Would I take the offer now? With Clause 7 remaining, I wouldn't take the offer even if they paid me!
Get of the forum, your posts border on the ridiculous. I suggest you stick to reading Jackanory books.
Money on the table? You fool, it was pennies at best for the young guys. It was voted down because of 2 main factors- a Clause saying I can never go into CC and a bundling of a pisspoor RP with HKPA.
Would I take the offer now? With Clause 7 remaining, I wouldn't take the offer even if they paid me!
Get of the forum, your posts border on the ridiculous. I suggest you stick to reading Jackanory books.
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Does anyone think we will have a chance now of reviving any of the gains offered? Anything
What gains? Was there a Page missing in the TA that I read?
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Some guys would sell their mom for a few extra bucks.
Ipad is surely one of them.
He's so smart but he believes everything he's told by his masters.
The sky is falling, like plenty of times before, but this time, it is different.
Why do you think we received this important update days before the negotiations are about to resume?
Ipad is surely one of them.
He's so smart but he believes everything he's told by his masters.
The sky is falling, like plenty of times before, but this time, it is different.
Why do you think we received this important update days before the negotiations are about to resume?
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Look at his/her Post history which only started March this year.
AT using a moniker to rally the troops no doubt. About as useful as The HEDGEhogg's intimidating letter circa same time.
These clowns should try spending time focusing on their own mess rather than playing silly buggers with the Pilots.
AT using a moniker to rally the troops no doubt. About as useful as The HEDGEhogg's intimidating letter circa same time.
These clowns should try spending time focusing on their own mess rather than playing silly buggers with the Pilots.