End of CX housing..
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And again, there is the crux of the problem. There is no local aviation market to draw from. The majority of C Scalers are still expats - S.A., Cdns, Aus, etc - and the only ones knocking on the door can't get a job in the real world. An Airline with no experience base won't last very long in the age of social media and online hysterics.
The only time management will take notice is if people actually walk. I remember a few years ago we got stuck with a 10% pay cut. Half the Captains left and flights were being cancelled every day, then the cut was restored.
There was no union, no threats and no stand off. Just lots of resignation letters from people who were leaving for new jobs.
There was no union, no threats and no stand off. Just lots of resignation letters from people who were leaving for new jobs.
Join Date: Apr 2009
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Ultimatly the company want both purchase and rental options reduced.
If the max rental becomes $70k then the purchase will drop to around $45k max.
Still a sh1t load of money in the real world.
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Join Date: Sep 2002
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There is a lot talking and talking, talk is good.. Now just ask your colleagues in CX FAU... what to do? i think if they had some kind of allowance and going to lose it soon. there would be a strike on the horizon very soon the next peak period.
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Well, I have 9 years left on my '15 years' (....where's my 25?) housing deal. At over $70K/mo. With taxes, supporting elderly parents, kids still in school, paying mortgage in home country, retirement, health care. So, when the 9 years is up Anna, come and talk. Until then, well, we'll see just how 'amicable' people like us will stay when our futures and families are threatened. Oh, and as for the rest of the pilots in the airline: HKPA, needs 'normal' housing (ARAPA) as a target. Basings: once they get rid of housing, how long do you think bases will last? The only course of action for all of us is to defend every condition that we have, and then fight for what we are all worth. Otherwise, there will be NO career worth staying for.
(oh, and Green Dragon: your $45K being worth a sh*t load of money in the 'real world'. Not in HK mate, just ask Anna and Rupert)
(oh, and Green Dragon: your $45K being worth a sh*t load of money in the 'real world'. Not in HK mate, just ask Anna and Rupert)
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Air Profit - I hear you. But the precedent has been set, that HKAPA is good enough for some CX pilots, and it wasn't fought against before by all the pilots, so why expect all the pilots to fight for ARAPA now?
Good luck, and have a credible plan B for you and your family.
Good luck, and have a credible plan B for you and your family.
Join Date: Apr 2009
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The answer I expected, and confirmation as to why this airline is now where it is, as compared to where it was 25 years ago. Enjoy the limited career you will undoubtedly experience. Lights out.
Has anyone considered that CX is actually smart enough to hedge well and that this whole thing has been manufactured to strip CX crew of conditions?
Take a short term hit to save big in the long run. Nothing you can do will change their minds.
Sound familiar? Just look a few thousand miles to the south east for a similar business style.
Take a short term hit to save big in the long run. Nothing you can do will change their minds.
Sound familiar? Just look a few thousand miles to the south east for a similar business style.
Join Date: Mar 2008
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I've long suspected that this was a contrived "crisis". At first I asked myself, "What sort of idiotic management would make a blunder this catastrophic"?. Especially the length and percentage of hedging. It then occurred to me that not even our management can be that stupid (....
). The more i've thought about it, the more i'm convinced that they deliberately made this decision to create a financial "problem" to then use as justification for their actions (as an example, they layed off 800 staff, but they have been rapidly rehiring in nearly all areas immediately after...). I am convinced this was a deliberate strategy, that simply got out of hand, with the price of oil staying lower for longer than they had anticipated. CX knows full well that they will soon be raking in record profits again. Even most of the top Investment Banks have released analyst reports stating so. If we don't stand up to them now (and I suggest that most of us are too stressed and ill to work reliably) then we will forever be crushed, and our careers worthless. I expect to see all my colleagues doing their part over the next 90 days to demonstrate to this venal and self-serving management group that there is a heavy price to pay for attacking us and treating us and our families with contempt. Up to every one of us to do our part to throw it back in their "smelly teeth" (a favourite Churchill quote!). This is THE very last chance to re-establish a proper balance between management and employees. Or does everyone like being treated this way?
). The more i've thought about it, the more i'm convinced that they deliberately made this decision to create a financial "problem" to then use as justification for their actions (as an example, they layed off 800 staff, but they have been rapidly rehiring in nearly all areas immediately after...). I am convinced this was a deliberate strategy, that simply got out of hand, with the price of oil staying lower for longer than they had anticipated. CX knows full well that they will soon be raking in record profits again. Even most of the top Investment Banks have released analyst reports stating so. If we don't stand up to them now (and I suggest that most of us are too stressed and ill to work reliably) then we will forever be crushed, and our careers worthless. I expect to see all my colleagues doing their part over the next 90 days to demonstrate to this venal and self-serving management group that there is a heavy price to pay for attacking us and treating us and our families with contempt. Up to every one of us to do our part to throw it back in their "smelly teeth" (a favourite Churchill quote!). This is THE very last chance to re-establish a proper balance between management and employees. Or does everyone like being treated this way?
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Well said.
Consider what happened and how conservative the airline has been with testing the waters in EVERY OTHER ARENA. For its entire history. Always. That's why it doesn't make sense
And I'd REALLY like to see where exactly the money has gone in detail and who was the beneficiary of our 'blunder.'
Consider what happened and how conservative the airline has been with testing the waters in EVERY OTHER ARENA. For its entire history. Always. That's why it doesn't make sense
And I'd REALLY like to see where exactly the money has gone in detail and who was the beneficiary of our 'blunder.'
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Don't actually care at this point. I've been ready to go for the past year. Meddling with my housing would result in my wife and I being gone in 90 days. Not even negotiable. Many many other T and C have the same bottom line.
The stalwart of stand up n fight.
The together we are stronger BS merchant. LOL
Trafalgar , ffs, you really are full of HOT air. Now float away old chap n let off that steam on a beach somehere in Bali. Lol.
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Oh well, never mind. I did my stint, maxed out the housing allowance on mortgages, cashed out after 10 years and headed off to better prospects elsewhere. The music stopped years ago, but a lot of people are still dancing.