Fragrant Harbour A forum for the large number of pilots (expats and locals) based with the various airlines in Hong Kong. Air Traffic Controllers are also warmly welcomed into the forum.

43 in one day

Old 4th Oct 2018, 07:43
  #1 (permalink)  
Thread Starter
 
Join Date: Jul 2018
Location: uk
Posts: 0
43 in one day

Yesterday there were 43 resignations. 3 months notice means all 43 will be employed 31 Dec to qualify for 13th month and any profit sharing for the year 2018
unitedabx is offline  
Old 4th Oct 2018, 07:48
  #2 (permalink)  
 
Join Date: Apr 2009
Location: No where
Posts: 0
What on earth are you talking about...?
Air Profit is offline  
Old 4th Oct 2018, 08:10
  #3 (permalink)  
Thread Starter
 
Join Date: Jul 2018
Location: uk
Posts: 0
Originally Posted by Air Profit View Post
What on earth are you talking about...?
To qualify for FULL profit sharing you must be employed on 31 December. To get a 13th month likewise otherwise it is pro-rated.
unitedabx is offline  
Old 4th Oct 2018, 08:20
  #4 (permalink)  
 
Join Date: Nov 2013
Location: Earth
Posts: 316
How do you know this figure is accurate, anyone can get on here and spout anything
TurningFinalRWY36 is offline  
Old 4th Oct 2018, 08:33
  #5 (permalink)  
 
Join Date: Jun 2007
Location: Somewhere Smelly
Posts: 47
It was mentioned at a recent Fleet Forum so I hear
Babbalito is offline  
Old 4th Oct 2018, 08:42
  #6 (permalink)  
 
Join Date: Nov 2013
Location: Earth
Posts: 316
Seriously doubt managers would be telling guys in a fleet forum how many resignations are occurring, someone is just winding you up
TurningFinalRWY36 is offline  
Old 4th Oct 2018, 10:59
  #7 (permalink)  
 
Join Date: Dec 2015
Location: Nimbus
Posts: 79
Maybe the numbers were off, but I personally know of 8 FOs who were waiting for October to resign, exactly for the reasons highlighted by unitedabx.
Therefore, I wouldn't be surprised if they're actually correct.
​​​
Zapp_Brannigan is offline  
Old 4th Oct 2018, 11:03
  #8 (permalink)  
 
Join Date: Mar 2000
Posts: 23
I would love to believe that 43 pilots resigned in early October to preserve any year end bonuses, but I seriously doubt it's true.

However, speaking of bonuses, Reuters reporting today that one of our competitors, FEDEX, Is offering pilots approaching retirement bonuses of $40k (and up to $100k) to remain over the Christmas period. It seems FEDEX believes Santa's sleigh is going to be full of high yielding presents and chucking the reindeers a few extra carrots makes good business sense.

Speaking of good business sense, in the land of Kempis, pilots on COS99 approaching retirement will be shown the door or offered POS18 and a hefty paycut. Over in the land of Rupert, the oil hedge unwinds just as oil goes through the hedge price of $85.

Those Ice Pirates whinging on the forums need to join the dots and figure out where the Company's soft underbelly lies. It seems to me the Ice Pirates wield a fair bit of leverage at the moment. The question is, are they galvanised enough to flex a bit of muscle without the Union(s) holding their hands??

Last edited by Liam Gallagher; 4th Oct 2018 at 14:05.
Liam Gallagher is offline  
Old 4th Oct 2018, 12:27
  #9 (permalink)  
Thread Starter
 
Join Date: Jul 2018
Location: uk
Posts: 0
Originally Posted by TurningFinalRWY36 View Post
How do you know this figure is accurate, anyone can get on here and spout anything
The figures are accurate. The company system promulgates messages to a number of departments when a resignation or retirement is announced. One of those departments is uniform stores who are tasked with collecting old uniforms. Ask any of the guys behind the counter to show you the list and with two clicks there it is. Names,DOJ and more importantly DOR. It ain't rocket science. 43
unitedabx is offline  
Old 4th Oct 2018, 13:03
  #10 (permalink)  
 
Join Date: Sep 2004
Location: somewhere
Posts: 233
43? This is a big win for the management. HUGE. Those 43 will be replaced by COS18 joiners on a much lower package thus reducing the cost base of the Flight Ops by a significant amount. TTW.
kenfoggo is offline  
Old 4th Oct 2018, 13:55
  #11 (permalink)  
 
Join Date: Dec 1998
Posts: 818
The funny thing is Ken, I can almost picture our managers around a conference table actually convincing themselves of exactly what you've stated. That is how far this company has fallen. Time To Leave.
mngmt mole is offline  
Old 4th Oct 2018, 14:18
  #12 (permalink)  
 
Join Date: Dec 1998
Posts: 818
I've concluded that our fuel hedgers are geniuses also. They have somehow managed to pull off the almost impossible task of managing to keep our fuel price at $85, right up to the date when the ACTUAL price of oil passes that price. It's like they have their own version of "stabilized approach criteria". We just never appreciated how smart they, and the entire management team really are. I stand in awe.
mngmt mole is offline  
Old 4th Oct 2018, 15:15
  #13 (permalink)  
hyg
 
Join Date: Oct 2007
Location: hong kong
Posts: 112
Originally Posted by unitedabx View Post
The figures are accurate. The company system promulgates messages to a number of departments when a resignation or retirement is announced. One of those departments is uniform stores who are tasked with collecting old uniforms. Ask any of the guys behind the counter to show you the list and with two clicks there it is. Names,DOJ and more importantly DOR. It ain't rocket science. 43
ok i am buying this if u are quoting the guys at uniform....... cuz last i spoke to one of them few months ago, he said he's never seen so many people returning their 3 stripes... and i think the dude's been around for decades
hyg is offline  
Old 4th Oct 2018, 16:26
  #14 (permalink)  
 
Join Date: Feb 2016
Location: FL Whatever
Posts: 84
So you mean to say that if you hand in your (3 months?) notice of resignation at CX you still get paid the “13th month”, as long as you time it right?
How generous!
Just FYI, HKA cancels any such payment at the instant you give notice.
which also explains why many give none and just walk.
ROW_BOT is offline  
Old 4th Oct 2018, 20:35
  #15 (permalink)  
Thread Starter
 
Join Date: Jul 2018
Location: uk
Posts: 0
Originally Posted by ROW_BOT View Post
So you mean to say that if you hand in your (3 months?) notice of resignation at CX you still get paid the “13th month”, as long as you time it right?
How generous!
Just FYI, HKA cancels any such payment at the instant you give notice.
which also explains why many give none and just walk.
You must be employed on 31 Dec to qualify.
unitedabx is offline  
Old 5th Oct 2018, 01:56
  #16 (permalink)  
 
Join Date: Apr 2009
Location: No where
Posts: 0
Flew with an FO last week who is leaving aviation all together, going to the insurance industry. Well done CX, completely killed the joy of flying in another individual.
Air Profit is offline  
Old 5th Oct 2018, 02:15
  #17 (permalink)  
 
Join Date: Nov 2015
Location: HK-CRoC
Posts: 590
HKA and 3 Months

Originally Posted by ROW_BOT View Post
So you mean to say that if you hand in your (3 months?) notice of resignation at CX you still get paid the “13th month”, as long as you time it right?
How generous!
Just FYI, HKA cancels any such payment at the instant you give notice.
which also explains why many give none and just walk.
If that's the case, I expect that Jan 1st will be a big day at HKA..
Flex88 is offline  
Old 5th Oct 2018, 04:07
  #18 (permalink)  
 
Join Date: Jun 2001
Location: Fragrant Harbour
Posts: 4,706
A number of these I expect will be going to South Pacific Airways as nearly all of their recruitment is from CX and KA. If they're not, the company can expect another exodus.
Dan Winterland is offline  
Old 5th Oct 2018, 04:57
  #19 (permalink)  
 
Join Date: Apr 2009
Location: No where
Posts: 0
Does anyone have any details of South Pacific Airways? Thanks.
Air Profit is offline  
Old 5th Oct 2018, 05:41
  #20 (permalink)  
 
Join Date: Sep 2007
Location: uk
Posts: 340
It is actually somewhat weird to be part of and at the same time observe a once truly respected airline implode before one's eyes. Not through market forces, world economic collapse or bad even luck but by sheer ineptitude or even worse by deliberate malicious tactics in which case perhaps self immolation might be more accurate. Actually on quick re-read that latter statement is an insult to those who carried out that act as a statement of protest for the greater good, generally.
Starbear is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.