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Let's get real....Job losses to come!

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.

Let's get real....Job losses to come!

Old 2nd Apr 2020, 13:09
  #41 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
Posts: 11
If you’re on the freighter, you’re working very hard especially compared with the passenger fleet and you make a good case for not taking sls (although you might want the extra time off)
However I was talking more about rest who is sitting at home with full pay..


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Old 2nd Apr 2020, 16:35
  #42 (permalink)  
 
Join Date: Aug 2008
Location: Polar Route
Posts: 2,009
Meanwhile, CX continues to train new joiner DEFOs in April on the 747!!! Why? They clearly have no intention of running redundancies. This training should be going to 777 pilots who are now excess on that fleet. Why train someone just to turn around and furlough them? Unbelievable! Only at CX.
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Old 2nd Apr 2020, 16:55
  #43 (permalink)  
 
Join Date: May 2004
Location: 3.5 from TD
Posts: 1,008
(although you might want the extra time off)
I think you still don’t get it. It is not an option. If you ask for unpaid leave on the 747, they will say no leave, but thanks for the salary.
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Old 3rd Apr 2020, 00:40
  #44 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
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Originally Posted by Sqwak7700 View Post
I think you still don’t get it. It is not an option. If you ask for unpaid leave on the 747, they will say no leave, but thanks for the salary.
you will get the leave but not now, is that correct?

but besides that, what about all the hello kitty water bottle clutching workers in cx city, do we need al of those at this moment?

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Old 3rd Apr 2020, 02:01
  #45 (permalink)  
 
Join Date: Sep 2012
Location: Far East
Age: 32
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Originally Posted by Oasis View Post
you will get the leave but not now, is that correct?

but besides that, what about all the hello kitty water bottle clutching workers in cx city, do we need al of those at this moment?
Most of the staffs have taken certain duration of SLS. Without your fat housing and salary throughout the years they'll probably be hit hard if losing a job.

Jeez give it a break. Never seen someone so eagerly wishing the company swing the Axe on the others just to keep their own job.
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Old 3rd Apr 2020, 02:10
  #46 (permalink)  
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 368
Originally Posted by Oasis View Post
you will get the leave but not now, is that correct?

but besides that, what about all the hello kitty water bottle clutching workers in cx city, do we need al of those at this moment?
Oh come on, be fair!
Who else is going to count the paperclips?

An interesting sight was the Israeli Defence ministry in the early 80's.
A small and relatively humble building, staffed with very few staff.
Almost all were either previously operational, or if not, very operationally minded.
In their environment, everyone needed to be singularly focused on the job at hand, survival.
No one had time to fluff up their Department into a self licking lollipop, it was purely 100% focused on operations.
So yes, there could be a case for genuine trimming, rather than the previous leaning attempt of the last couple of years.

But as usual, they'll no doubt be asking flight crew to shoulder the lions share of the costs, so that they do not have to trim office staff which would look bad in the press. Don't worry chaps, having contributed the most by way of going on 50% pay etc, when things get better, you will be rewarded with the Lions share of the profits.
Wait what???
LongTimeInCX is offline  
Old 3rd Apr 2020, 02:15
  #47 (permalink)  
 
Join Date: Sep 2012
Location: Far East
Age: 32
Posts: 10
And let's get down to the fact.

Last 3 years were the golden years for aviation. Every other airlines were expanding or improving the packages, EXCEPT Cx, (mostly due to the stupid hedging loss), which has been cutting and streamlining.

In a way Cx has broken the cycle of over expanding during good times (unintentionally though due to it's own folly) and is in a much better position than any other airlines.

In a downturn like this, a good move is to preserving whatever you can for a quick comeback when weak competitors are forced out of the market.

Just think about it, no one want to be forced selling their house at low price during downturn because they can't afford the mortgage. Cx is doing exactly that. And they still haven't resorted to debt or equity financing yet, there remains way before slashing anyone.

So why don't everyone get some economical sense, shut their T and let everyone keep their job!?

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Old 3rd Apr 2020, 02:49
  #48 (permalink)  
 
Join Date: Sep 2017
Location: Lavatory
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As I type, I see a 777 doing multiple circuits at Macau. You guys must be doing ok if you can afford to chew through all that fuel and have the need to upgrade all those SOs.
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Old 3rd Apr 2020, 03:23
  #49 (permalink)  
iot
 
Join Date: Oct 2018
Location: At the Lake
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Cathay Pacific to cut more flights after carrying just 582 people in a day
Airline says it will further reduce long-haul flights after 99.4 per cent drop in passenger numbers
Augustus Tang Kin-wing, the CEO, and Patrick Healy, the chairman, said they would take a 30 per cent pay cut from April through December, while executive directors would take a 25 per cent cut.
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Old 3rd Apr 2020, 04:10
  #50 (permalink)  
 
Join Date: Apr 2002
Location: HK
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CX makes more cuts - SCMP
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Old 3rd Apr 2020, 04:34
  #51 (permalink)  
 
Join Date: May 2004
Location: 3.5 from TD
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you will get the leave but not now, is that correct?

but besides that, what about all the hello kitty water bottle clutching workers in cx city, do we need al of those at this moment?
No guarantees on the leave. They will try is all they said. Try could mean leave allocated on recovery days.

Fully agree on your Cxcity thoughts though. All they do is spend all day coming up with ways on making operational staff’s lives harder. From every-day-shittier-IT, to constant “can not” responses to just about everything. I figure they could ax half of that place and the airline would not even notice except for slightly reduced profits at the coffee shops and cafeteria.
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Old 3rd Apr 2020, 04:36
  #52 (permalink)  
hyg
 
Join Date: Oct 2007
Location: hong kong
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Originally Posted by Howtosayit View Post
And let's get down to the fact.

Last 3 years were the golden years for aviation. Every other airlines were expanding or improving the packages, EXCEPT Cx, (mostly due to the stupid hedging loss), which has been cutting and streamlining.

In a way Cx has broken the cycle of over expanding during good times (unintentionally though due to it's own folly) and is in a much better position than any other airlines.

In a downturn like this, a good move is to preserving whatever you can for a quick comeback when weak competitors are forced out of the market.

Just think about it, no one want to be forced selling their house at low price during downturn because they can't afford the mortgage. Cx is doing exactly that. And they still haven't resorted to debt or equity financing yet, there remains way before slashing anyone.

So why don't everyone get some economical sense, shut their T and let everyone keep their job!?
They haven't resorted to debt or equity financing is because no one will lend them (or most airlines in the world) any money, lots of ppl in the credit side of the finance industry know this
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Old 3rd Apr 2020, 05:40
  #53 (permalink)  
 
Join Date: Mar 2001
Location: York International
Posts: 614
Just like pilots now can’t get a mortgage.
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Old 3rd Apr 2020, 05:47
  #54 (permalink)  
 
Join Date: Nov 2015
Location: HK-CRoC
Posts: 591
Reality check !!

Originally Posted by Howtosayit View Post
And let's get down to the fact.

Last 3 years were the golden years for aviation. Every other airlines were expanding or improving the packages, EXCEPT Cx, (mostly due to the stupid hedging loss), which has been cutting and streamlining.

In a way Cx has broken the cycle of over expanding during good times (unintentionally though due to it's own folly) and is in a much better position than any other airlines.

In a downturn like this, a good move is to preserving whatever you can for a quick comeback when weak competitors are forced out of the market.

Just think about it, no one want to be forced selling their house at low price during downturn because they can't afford the mortgage. Cx is doing exactly that. And they still haven't resorted to debt or equity financing yet, there remains way before slashing anyone.

So why don't everyone get some economical sense, shut their T and let everyone keep their job!?
Absolutely anyone, including the hedging morons and Merlin wannabes, who believes there will be a "quick" comeback has their head so far up their supervisors arse there aint no coming back...
USA and Canada travellers live on dept.. this will take years to return to a "new" normal and never again to the halcyon days of good ole 2019.. Wanna buy a cruise ship ??
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Old 3rd Apr 2020, 05:58
  #55 (permalink)  
 
Join Date: Apr 2009
Location: No where
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Flex. Easy with the hyperbole buddy. Yes, many are predicting the end of the world. To say that the situation will "never return" to what it was is probably a bit overdoing it. No doubt the rest of this year, and probably much of 21/22 will be a slow recovery. I think when things settle down you will find CX taking full advantage of their full advantage!. Many competitors gone, and a renewed desire to get on with life with most of our customers. No doubt there will be changes, but I can safely say at some point the markets will pass their high of early March. It has always been thus. This is not the Bubonic Plague. Tough times for sure, but this too shall pass.
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Old 3rd Apr 2020, 09:39
  #56 (permalink)  
 
Join Date: Sep 2012
Location: Far East
Age: 32
Posts: 10
"This time is different!"
"The economy is gonna collapse !"

Grab yourself a history book fella.
This is not the end of the world, nor is this the worst.

The speed and magnitude of the monetary and fiscal policies have been unprecedented. Two weeks ago the credit market was in a turmoil. Not anymore. Things shall pass.
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Old 3rd Apr 2020, 13:33
  #57 (permalink)  
 
Join Date: Sep 2014
Location: Asia
Posts: 90
Originally Posted by Sqwak7700 View Post
Fully agree on your Cxcity thoughts though. All they do is spend all day coming up with ways on making operational staff’s lives harder. From every-day-shittier-IT, to constant “can not” responses to just about everything. I figure they could ax half of that place and the airline would not even notice except for slightly reduced profits at the coffee shops and cafeteria.
I could not agree more; and we have to be sensitive not to upset them while we walk through our work place. CX’s HK ground staff are a disgrace.

P.S. Luckily I hate walking through my workplace anyway and habitually avoid it like the.... coronavirus.
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Old 17th Apr 2020, 12:48
  #58 (permalink)  
Thread Starter
 
Join Date: May 2019
Location: usa
Posts: 24
Absolutely terrible news coming out of the states today. Sorry to hear about the Cabin Crew loosing their jobs. Remembering them - they were great to fly with. Very sad day.
Pilots also feeling the heat all over the world.

What is everyone's thoughts about HK based crew?

A penny for your thoughts?
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Old 18th Apr 2020, 03:30
  #59 (permalink)  
 
Join Date: Mar 2015
Location: Australia
Posts: 293
From the South China

Hong Kong’s flag carrier will also furlough 129 pilots in Australia and 72 in Britain with similar plans under consideration in the US and Canada for cockpit crew.
https://www.scmp.com/news/hong-kong/...-cabin-crew-us
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Old 23rd Apr 2020, 09:20
  #60 (permalink)  
aerofat
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-9 order cancelled. 30 odd ERs w/FCL and 330s retired from fleet.
 

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