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Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat

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Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat

Old 2nd Nov 2020, 09:36
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Like any Chinese airline are going to take a hk licensed pilot. The Cx group is not looked upon favourably in the mainland. All those demonstrations tarred everyone with the same brush.
Any new airline in the bay will be absorbed into Shenzen Airlines if successful.
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Old 6th Nov 2020, 01:41
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Originally Posted by veritas777 View Post
Better not tell any of the "experienced expat captains" here, they'll tell you they never make mistakes, meanwhile no cadet can muster the almighty challenge of landing in Anchorage...
Experienced Expat Captains will admit to making mistakes, everyone does. Problem is the "licence holders" the company has been recruiting under POS18 aren't up to the task of balancing this out.
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Old 6th Nov 2020, 12:29
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More than one case.
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Old 7th Nov 2020, 11:01
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Originally Posted by controlledrest View Post
Experienced Expat Captains will admit to making mistakes, everyone does. Problem is the "licence holders" the company has been recruiting under POS18 aren't up to the task of balancing this out.
that is the biggest load of rubbish I have heard. Many of the pos18 defo’s had substantial experience and are just as capable as any other pilot. I know and have worked with a few...

Last edited by fly1981; 7th Nov 2020 at 11:12.
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Old 7th Nov 2020, 13:02
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Curious, if things are going to pick up in a year or two, why would there be a 2 yr transitional contract hoping to retain those previously on more expensive contracts. If the company wanted to get rid of more people now, shouldn't they reduce the term to 1 yr transition or a more lucrative retirement package? Isn't a given some of them who are near to retirement would exit after 2 years of decent housing and schooling?
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Old 7th Nov 2020, 13:32
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The real question is why did the company offer the ERS (Early retirement scheme) if they were gonna introduce COS18 for everyone and then remove LIFO? Makes you wonder if anyone at the top has any clue about what's going on!
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Old 7th Nov 2020, 15:15
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The ERS was to allow a few select (and informed...) individuals to cash out the best they could prior to Armageddon. What surprises me is how few took advantage of it, with all likelihood of the axe falling (as it did) shortly thereafter...?
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Old 9th Nov 2020, 07:43
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https://www.scmp.com/news/hong-kong/...uts-government

no more cuts
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Old 9th Nov 2020, 09:45
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oh sure:
1. The cheques in the post
2. I love you
3. No more cuts
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Old 9th Nov 2020, 22:25
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'We value you'

'One team'

'We have a profit share scheme'

'We care about employee engagement'

'Caring Company'
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Old 10th Nov 2020, 00:41
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Originally Posted by LLLQNH View Post
The real question is why did the company offer the ERS (Early retirement scheme) if they were gonna introduce COS18 for everyone and then remove LIFO? Makes you wonder if anyone at the top has any clue about what's going on!
that was well planned for KA. I believe all those who took ERS got less money than they would have had with the redundancy package.
ERS was not a saving job exercise but a saving money trick.
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Old 10th Nov 2020, 07:40
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controlledrest

Or go for the sympathy vote taking a 15% pay cut

Tang and Healey getting a beating in legco looking like scared school kids
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Old 10th Nov 2020, 08:25
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Originally Posted by AllWobbly View Post
Tang and Healey getting a beating in legco looking like scared school kids
interesting how people conceive things very differently, I took them to display a completely indifferent attitude and appeared to be offended that the Lego should even dare to question them.
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Old 10th Nov 2020, 10:05
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I watched it on the Cantonese channel and maybe the commentary changed the flavour.
Interesting that Tang said they’ll be recruiting pilots-rather leads one to assume the whole thing was a fit up. Personally found him odd and rather soulless individual on the rare occasion I ran into him.
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Old 16th Nov 2020, 23:29
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that was well planned for KA. I believe all those who took ERS got less money than they would have had with the redundancy package
You belief is incorrect. Those who took ERS were paid significantly more. And they paid less tax too.
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Old 16th Nov 2020, 23:52
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I don't think your significantly more would be right: I ended up with slightly above 12 months basic on redundancy which was the maximum amount of the ERS package if you were at the right age.
And I got paid in October when if I remember well last salary was September for ERS. Not sure about the tax, Around half of my package is taxable.

That's just a detail in the big picture, what we got wasn't much after the time spent working for the airline but as they said it's the best they can do.
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Old 17th Nov 2020, 07:25
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https://www.scmp.com/news/hong-kong/...busiest-cities

Well my spidey sense tells me there are more jobs cuts on the horizon, despite what the conniving muppets said last week.

With the axing of so many long haul flights, many SOs and DEFOs will find themselves in check mate.

Trust me, I’m a pilot
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Old 17th Nov 2020, 08:11
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Not sure where you have been but LIFO has gone, if I were you I would perhaps stop gloating and start hoping! We are all now equally in danger of losing the shirts off our backs, perhaps more those who have been known to stir the pot upon occasion or find themselves unfortunate enough to be on the wrong fleet! If any good comes out of this new contract perhaps it will finally be that we can all stand together in support of one another instead of all this B Scale, C Scale, Expat and Local crap. At the end of the day we are all just people trying to earn a living and support ourselves and families.

All of us could find ourselves in checkmate.
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Old 17th Nov 2020, 10:35
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I was thinking the same thing re unity. Of course they foresaw that and now have cos21 to play off against cos18 within the group.
Its like watching a very devious version of house of cards. I am now officially “retired” being old enough not to be held hostage by a bunch of cold blooded reptiles.
I won’t be sticking my oar in anymore. I wish you all good luck altho I have nothing good to say about the entity that CX has become.
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Old 17th Nov 2020, 11:22
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With 99% begrudgingly moving to COS18 there is nothing stopping the higher ups awarding us the grand opportunity of COS21. Come the mid year flying forecast it'll be our only future.

I don't believe there was any legitimate reason to present such a contract other than greed. Especially when you are almost halving the base wage in a company with minimal medical coverage, no education allowance and bonding of position.
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