Cathay Pacific ‘to axe 6,000 staff and Dragon brand’ in bid to stay afloat
what's the alternative? You won't get a job anywhere else for years.
Make do and mend - which may mean a very drastic change in your & your family's life-style or retire I guess
Make do and mend - which may mean a very drastic change in your & your family's life-style or retire I guess
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What's the point
Having "run the numbers" it's quite obvious that anyone beyond a 21 yr old single SO will find it almost impossible to make ends meet, especially if they are married with family. It is of particular concern when you realise that few if any of us will be able to fly a full roster for the next year or two at best, thereby ensuring very minimal pay amounts for at least that time period. There is also the question of very inadequate health care, which again is putting anyone with a family in a potentially very dire situation with any serious illness. That raises the question: other than building time for the less experienced pilots, what on earth is the point of staying in HK/CX when you will almost certainly be going backwards financially every month? Comments...
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Make do ❓
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The maximum possible statutory severance package under the employment ordnance is $390,000, and that money is offset against the P-Fund
Ask the ex-KA employees, they only received the minimum statuary severance payment (from their P-fund), all benefits immediately terminated, no medical, no repatriation flights, no repatriation of belongings.
Ask the ex-KA employees, they only received the minimum statuary severance payment (from their P-fund), all benefits immediately terminated, no medical, no repatriation flights, no repatriation of belongings.
Is that true? They didn't even get their P-fund? No retiree staff travel? Wow... I thought they at least got made redundant.... so 6 months salary etc....
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I am concerned as to the true strategy of the company. The entire 777 fleet is effectively grounded....approx 1000 (?) pilots...and amongst them the most senior/higher cost of the airline. Once we've all signed over to POS18, what is to stop the company from furloughing the majority of those people? It seems to me that the company is implementing a scorched earth policy, and that being the case this scenario is not beyond the possible for this rather soulless management.
Simples!
They need about 500 pilots to fly the Dragon routes in the narrowbody and avoid rostering over the monthly block hours number that is included in basic pay.
So, 500 retrained onto A320/1/neo, starting with the Training Ban breaking hero trainers.
The other 500 are terminated from COS18 with no LIFO/seniority early next year after the 2021 First Quarter review that reveals the already stated maximum of 25% of normal schedules to be flown due to continuing effects of COVID.
They need about 500 pilots to fly the Dragon routes in the narrowbody and avoid rostering over the monthly block hours number that is included in basic pay.
So, 500 retrained onto A320/1/neo, starting with the Training Ban breaking hero trainers.
The other 500 are terminated from COS18 with no LIFO/seniority early next year after the 2021 First Quarter review that reveals the already stated maximum of 25% of normal schedules to be flown due to continuing effects of COVID.
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So, 500 retrained onto A320/1/neo, starting with the Training Ban breaking hero trainers.
The other 500 are terminated from COS18 with no LIFO/seniority early next year after the 2021 First Quarter review that reveals the already stated maximum of 25% of normal schedules to be flown due to continuing effects of COVID.
The other 500 are terminated from COS18 with no LIFO/seniority early next year after the 2021 First Quarter review that reveals the already stated maximum of 25% of normal schedules to be flown due to continuing effects of COVID.
they can do an 8 day pattern!
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time to go ‘home’ and deliver pizza/ stack shelves until something better comes up. Assuming home is somewhere civilised with socialised healthcare. Americans and S Africans don’t have that even to fall back on.
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I know this will never happen but it's not us who are on the back foot it is the company. The amount they are losing each month is astronomical. Imagine if all the cockpit and cabin crew went on strike as there was no consultation. We all would have accepted 50%, maybe even 25% as know the **** has really hit the fan. This would have been a TEMPORARY concession, one year then reviewed. It would have saved even more money than this contract change. What they have done is destroyed all of our futures in one day. It is Cathay who are in the ****, not us, now is the time to fight back as they cant afford to lose more money by shutting down what little they have. I know, never going to happen, a shame as they would have no choice.
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we got our contractual 3/6 months salary payments and a Goodwill bonus reduced by the amount of the Statutory Severance Payment
For me it's around 15 months of COS 18 basic salary if I was offered to sign and 8 months of my October basic salary.
Not as good as Singapore airlines but they said it's the best they can do.
Aer Lingus pilots took a big pay cut BUT had the provision that it would be restored once normality returns. However they are in a country with European labour laws and protections.
https://www.rte.ie/news/ireland/2020...lingus-pilots/
https://www.rte.ie/news/ireland/2020...lingus-pilots/
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I’ve no interest in comparing one base against another, but the flaws in your numbers need to be addressed so that people can fully understand what they’re faced with in regards to COS18.
There is no factoring for block hours in COS18. No scheduled or better. No credit for sims, EP’s, sick leave, annual leave, etc. Previously it was possible for a pilot to achieve 84 credit hours a month, month in month out for the entire year. For a COS18 pilot to now achieve 84 hours a month they’d have to fly 1008 hours annually. Obviously impossible for a number of reasons. So let’s take the rare pilot that bounces of their AFTL limits. That averages out to 75 hours a month.
But DFO after DFO have complained that due to all sorts of reasons the average pilot does less than 700 hours a year. Let’s bump that up a bit and call it 60 hours a month. Look at your own logbooks over a 10 year period, divide the total hours flown by 120, then the resulting answer is the figure you need to put into the COS18 formula, not 84.
The real savings in COS18 is not the pilot bouncing off COS08 EFP limits or AFTL limits. It’s the average pilot doing his average workload as assigned by some individual in crew scheduling.
Last edited by Progress Wanchai; 24th Oct 2020 at 00:06.
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No that's not true,
we got our contractual 3/6 months salary payments and a Goodwill bonus reduced by the amount of the Statutory Severance Payment
For me it's around 15 months of COS 18 basic salary if I was offered to sign and 8 months of my October basic salary.
Not as good as Singapore airlines but they said it's the best they can do.
we got our contractual 3/6 months salary payments and a Goodwill bonus reduced by the amount of the Statutory Severance Payment
For me it's around 15 months of COS 18 basic salary if I was offered to sign and 8 months of my October basic salary.
Not as good as Singapore airlines but they said it's the best they can do.
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In other jurisdictions, this would likely be adjudicated as fraudulent. And there would be contractual remedies and potential prosecution. In HKG, who knows ?
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What's to Stop the company ?
I am concerned as to the true strategy of the company. The entire 777 fleet is effectively grounded....approx 1000 (?) pilots...and amongst them the most senior/higher cost of the airline. Once we've all signed over to POS18, what is to stop the company from furloughing the majority of those people? It seems to me that the company is implementing a scorched earth policy, and that being the case this scenario is not beyond the possible for this rather soulless management.
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In HK ??
That's the scheme. A concocted way to get around contractural responsibilities of required payout and layoff in order of seniority of an existing contract. It's not particularly clever and easy to see through.
In other jurisdictions, this would likely be adjudicated as fraudulent. And there would be contractual remedies and potential prosecution. In HKG, who knows ?
In other jurisdictions, this would likely be adjudicated as fraudulent. And there would be contractual remedies and potential prosecution. In HKG, who knows ?