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Round 2 layoffs in February or March

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.

Round 2 layoffs in February or March

Old 13th Jan 2021, 07:48
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Round 2 layoffs in February or March

Rumor has it....
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Old 13th Jan 2021, 08:13
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What a pointless thread! Why justify it with a response? The OP seems to just post about encouraging people to leave the AOA, how dire it is, how many will lose their jobs. What a waste of space.
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Old 13th Jan 2021, 14:03
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And yet, you responded.
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Old 13th Jan 2021, 14:14
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To a reply that has since been deleted
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Old 13th Jan 2021, 19:30
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Never happen, we're 'right sized'.
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Old 13th Jan 2021, 21:44
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What a pointless thread! Why justify it with a response? The OP seems to just post about encouraging people to leave the AOA, how dire it is, how many will lose their jobs. What a waste of space.
He's posted a rumour on a rumour network.
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Old 14th Jan 2021, 01:04
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Everything is fine. They will continue to pay pilots who haven’t flown for a year.
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Old 14th Jan 2021, 07:50
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When do vaccinations start in Hong Kong?
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Old 14th Jan 2021, 09:16
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Originally Posted by Oli777 View Post
I wouldn't be surprised one bit if they retrenched a lot of us.
Sounds like they got immigration and the government to do their dirty work for them! Any real updates on that, the rumours aren't pleasant.
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Old 14th Jan 2021, 09:19
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Originally Posted by SloppyJoe View Post
What a pointless thread! Why justify it with a response? The OP seems to just post about encouraging people to leave the AOA, how dire it is, how many will lose their jobs. What a waste of space.
You must be a blast to fly with. One of those "Do as I say, not as I do" geezers.
You've posted the most characters (195) so far. Thank you for your time.
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Old 14th Jan 2021, 10:08
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It only makes sense.. sack loads of people and then scramble to fill the flight sack again once the world opens up again after the vaccines take effect at the end of 2021.
They missed the boat with this one.

the only positive would be that all airlines have to hire again, creating a ‘market forces’ advantage for pilots to get some of the salary concessions back.
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Old 14th Jan 2021, 10:38
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Hold on to that thought.
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Old 15th Jan 2021, 02:45
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Layoffs before the end of 2021 would only make obvious the fact that forcing COS18 was just a scheme to fire people without their redundancy clause. They "leaders" themselves have stated that a recovery wasn't expected till much later, so their crewing plan had to account for that to be believable.
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Old 15th Jan 2021, 03:37
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.................a company that is poorly managed.
How actually are you qualified to judge....Oli777 - public company management experience, formal qualifications is it ? Or just another flight deck expert business strategist ?

Cathay shares are up about 20% on 12 month low btw. IAG down over 70% on their year high. Agreed not exactly a rosy picture but fairly typical of the industry at this time and a reflection on the current circumstances rather than airline companies being poorly managed. Its all too easy to put the boot in to a soft target but to what real point.
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Old 15th Jan 2021, 03:45
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bobrun

The words the company used were that they are now right sized based on getting back to 50% capacity by mid 2021. I do not see that happening, so next stage will be them saying the covid recovery is taking longer than expected, so we now need to ........
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Old 15th Jan 2021, 03:48
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How pathetic. You don't need to be a financial graduate to recognise that CX has been woefully managed. Never mind the obvious like the industry leading loss in fuel hedging, how about we compare share prices. BA shares went from 100 to 420 from 2010 through 2019. CX shares are worth LESS now then they were 20 years ago. Care to suggest what the average share price of nearly every other company in the world has done over the past 10 years...? I recognise you are probably working in a cubicle somewhere in CX city trying to justify yourself to your boss, but don't embarrass yourself with utter tosh. CX categorically is one of the worlds worst managed airlines. Fact.
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Old 15th Jan 2021, 04:57
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mgmt mole :Pathetic you say, presumably that's because you have no cognizant arguments to justify your 'facts' other than the ever reliable 'fuel hedging ' chestnut, always useful prop for you to anchor any of your perpetual bitterness against a company that for many years offered you an excellent well paid carrier. Actually a rather large office with cocktail cabinet and Victoria harbor view with a rather handsome Tristar model on the desk to boot - BTW there have not been any BA shares for some years now.
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Old 15th Jan 2021, 05:35
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BTW voch it is career not carrier. The Tristar says it all.
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Old 15th Jan 2021, 05:45
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veryoldchinahand

just because you sit in an office doesn't make u better than others..... CX managers live in the 70s and the 80s thinking that all pilots come from GA or air force and don't have other experiences or qualifications other than flying planes, the truth is many new generation pilots come from a highly educated background and prior career, some no less than those "management trainee"....

If you think you were so good and smart, will you really be at swire or CX?? pretty sure top/smart graduates from top universities wouldn't choose swire or CX as their dream company when they can be making a much bigger difference (and pay) at places like Mckinsey or ibanks
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Old 15th Jan 2021, 21:51
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Ya, Pointless

SloppyJoe

Of course with lockdowns around the world increasing, UK just banned flights from South America and Covid 20, 21, 22 .......... popping up on every continent - layoffs will diminish right 😮
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