Go Back  PPRuNe Forums > PPRuNe Worldwide > Fragrant Harbour
Reload this Page >

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
  #1 (permalink)  
Thread Starter
 
Join Date: May 2020
Location: Hong Kong
Posts: 15
Round 2 layoffs in February or March

Rumor has it....
Coronavirus is offline  
Old 13th Jan 2021, 08:13
  #2 (permalink)  
 
Join Date: May 2009
Location: HKG
Age: 43
Posts: 989
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.
SloppyJoe is offline  
Old 13th Jan 2021, 14:03
  #3 (permalink)  
 
Join Date: Sep 2014
Location: Asia
Posts: 108
And yet, you responded.
Bangaluru is offline  
Old 13th Jan 2021, 14:14
  #4 (permalink)  
 
Join Date: May 2009
Location: HKG
Age: 43
Posts: 989
To a reply that has since been deleted
SloppyJoe is offline  
Old 13th Jan 2021, 19:30
  #5 (permalink)  
 
Join Date: Feb 2020
Location: planet earth
Posts: 53
Never happen, we're 'right sized'.
doolay is offline  
Old 13th Jan 2021, 21:44
  #6 (permalink)  
 
Join Date: Feb 2020
Location: planet earth
Posts: 53
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.
doolay is offline  
Old 14th Jan 2021, 01:04
  #7 (permalink)  
 
Join Date: Mar 2016
Location: Rabbit Hutch
Posts: 120
Everything is fine. They will continue to pay pilots who haven’t flown for a year.
Dragon Pacific is online now  
Old 14th Jan 2021, 05:02
  #8 (permalink)  
 
Join Date: Sep 2020
Location: Hong Kong
Posts: 26
Wait I thought the whole 777 fleet retired on full pay forever.. I better read my new contract again!
I wouldn't be surprised one bit if they retrenched a lot of us.
Oli777 is offline  
Old 14th Jan 2021, 07:50
  #9 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
Posts: 51
When do vaccinations start in Hong Kong?
Oasis is offline  
Old 14th Jan 2021, 09:16
  #10 (permalink)  
 
Join Date: Oct 2018
Location: Hong Kong
Posts: 68
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.
LLLQNH is online now  
Old 14th Jan 2021, 09:19
  #11 (permalink)  
Thread Starter
 
Join Date: May 2020
Location: Hong Kong
Posts: 15
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.
Coronavirus is offline  
Old 14th Jan 2021, 10:08
  #12 (permalink)  
 
Join Date: Mar 2000
Location: Hong Kong, SAR.
Posts: 51
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.
Oasis is offline  
Old 14th Jan 2021, 10:38
  #13 (permalink)  
 
Join Date: Aug 2015
Location: Gerloz
Posts: 398
Hold on to that thought.
Globocnik is online now  
Old 14th Jan 2021, 12:43
  #14 (permalink)  
 
Join Date: Sep 2020
Location: Hong Kong
Posts: 26
wait. you own Cathay shares, with a dismal return in the negative and a 1.8% dividend yield and a company that is poorly managed... there is no hope.
free advice, sell them and invest in a company that you believe in and one that is well run.
Oli777 is offline  
Old 15th Jan 2021, 02:45
  #15 (permalink)  
 
Join Date: Nov 2004
Location: Earth
Posts: 242
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.
bobrun is offline  
Old 15th Jan 2021, 03:37
  #16 (permalink)  
 
Join Date: Jan 2010
Location: Hong kong
Posts: 9
.................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.
veryoldchinahand is offline  
Old 15th Jan 2021, 03:45
  #17 (permalink)  
 
Join Date: Sep 2020
Location: Hong kong
Posts: 1
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 ........
B7777 is offline  
Old 15th Jan 2021, 03:48
  #18 (permalink)  
 
Join Date: Dec 1998
Posts: 71
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.
mngmt mole is offline  
Old 15th Jan 2021, 04:57
  #19 (permalink)  
 
Join Date: Jan 2010
Location: Hong kong
Posts: 9
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.
veryoldchinahand is offline  
Old 15th Jan 2021, 05:22
  #20 (permalink)  
 
Join Date: Sep 2020
Location: Hong Kong
Posts: 26
And this is EXACTLY why people are hopeless investors, because they get emotionally involved. 20 years ago the stock price was what, $12... its now $7. But all you hype on about is a little gain since October? No buddy seriously, you need to take your emotions out of it and look for better well run companies that actually give you a return on your investment. What's that age old saying about insanity, yip you know the one, you're doing it with your money!
Oli777 is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.