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

[cxorcist]

Originally Posted by AllWobbly

Singapore is starting to look like a better place to be.

Every banker and venture capitalist is thinking the exact same thing. If you want to be in China, go to China. If you want to be outside China, Hong Kong can no longer help you.

[CodyBlade]

Singapore is starting to look like a better place to be.

every venture capalist lookin at Singapore?

Not so fast read what happened to James Dyson.Came into Singapore with fanfare to open electric car factory.Now cancelled and sold his penthouse at 13% lost.'Dyson kills Singapore electric car project with closure of auto division"
"Vacuum cleaner billionaire James Dyson sold Singapore's most expensive penthouse for $47 million — that's $7 million less than what he paid for it a year ago"

[icemankk2001]

for those who think Singapore will be better than HK.... please wake up. try it for yourself if you dare. its about time CX pilots look outside and compare their salaries. still way higher and better than others. i hope nobody will sign the new terms but in reality it will be high percentage ppl are signing.

[Shoebox]

The grass is definitely not greener in the 'Garden City'. SQ got rid of a handful of non-PR pilots. No LIFO. Meanwhile everyone else takes a temporary pay cut to save themselves. 'Union' not a word for the non-PRs who lost their jobs.

As for Singapore, they are a nationalistic xenophobic nation with more CANNOTS than HK.

[CodyBlade]

As for Singapore, they are a nationalistic xenophobic nation with more CANNOTS than HK.

you know Lion city very well.

Outsiders will do well not to believe the shiny brochures.. Caveat Emptor

[cabbages]

You have to hand it to the DFO. He has achieved what his predecessors could only ever dream of. A frightened, compliant flight crew, queuing up to sign over to permanently worse conditions. S/O's and F/O's can now look forward to a 'competitive' 2 point pay scale for the next decade or two. At least he cannot use the old ' but you get an annual increment …' excuse when refusing your next rise.

Here's to your bonus Chris....Its gonna be a whooper!!!

[Flex88]

"management:

I used lower case M when I wrote management for a reason ! CC was chosen as DFO for a reason, he was the most pliable sycophant they could find.. Also had picked were the other row of fools on the 3rd fl following the last "Project Altitude" and all for the same reason. That organisational structure, BTW, designed by the wife of one of the "management team" ...
They all would have been actively involved in this pathetic excuse of a "solution" and reveling in the dopamine and adrenaline of its implementation... It's a POWER thing.

All will suffer drastically in this endeavour EXCEPT them.. If they tell you different - they are the Devil incarnate and will suffer when their time comes👹

[SaulGoodman]

Question from an outsider: if you are a 10 year FO and you refuse to sign. What will be your severance pay roughly?

[mngmt mole]

I believe it would be three months basic salary, but am open to being corrected on that.

[SaulGoodman]

that’s ridiculous!

[bm330]

Welcome to Hong Kong labor standards.
Three months notice or pay in lieu - no cause is required other than employer whim.

[Freehills]

Better than the UK. Legal redundancy payout for someone at the age of 40 with 10 years would be 10 weeks, but capped at 538 pounds a week, so 5,380. Higher if you are older.

[Oddball77]

https://www.malaymail.com/news/money...says-u/1915583

[icemankk2001]

what the news did not mentioned was the lower contract pays still way above industry standard. look around you. news media always one sided story

[mngmt mole]

When you factor in the real cost of living in HK, the new contract is not sustainable (especially if you have a family). Maybe in Taiwan it would work, but not here. Take note, thank you.

[SOPS]

icemankk2001

And that makes it ok?

[Curry Lamb]

Wrong! With the new contract, a senior captain at CX now earns less than a senior FO in the Sandpit.

[Piet Lood]

Wrong! With the new contract, a senior captain at CX now earns less than a JUNIOR FO in the Sandpit. No tax remember. Also better health care. 100% schooling paid for. Housing cheaper. Should I go on?

[Rie]

FO friends in the desert are on base of about 30,000aed++. So 63k HKD and if they are lucky to fly maybe some extra money on the side. Housing is no longer a cash hand out. Even singles have been forced into villas. That is more like JFO pay on COS18.

[icemankk2001]

Originally Posted by Curry Lamb

Wrong! With the new contract, a senior captain at CX now earns less than a senior FO in the Sandpit.

this really shows CX pilots are enjoying their heavenly perks. please come back to earth. thanks. anyway I do hope majority of CX pilots not sign the new COS. bring CX to court please. fight till the end.... lets see who will lose more.