SLS to be paid back in March
 

Heard this directly from 3rd Floor.

I heard it would be paid on April 1st.

Actually, it's been heard from Lvl 2 of KA for about 3-4 weeks as well.. Big profit announcement with year end statement and return of SLS...

we'll see....

With a pre-condition that you sign for RA 85 first

If it is repaid, I bet it will be as a ex-gratia payment. Then it is not provident fundable and we get screwed for helping them out.:mad::yuk:

What about FOs & SOs?
 

What about the FOs & SOs who elected the option to take COS 08 in lieu of SLS? What will their repayment be?

NOTE: This is not meant to be a debate about whether those guys did the right thing or not, simply a question of what their reward for helping out will be.

broadband circuit

Those who chose COS 08 elected for 65 retirement instead of paying 2-3 weeks of salary.

Why would they get anything at all?

Unbelievable
 

Hey Fwd cofg, what an unbelievable statement....rumours of paying back money you agreed to give up, yet you still spin it to sound like you are getting screwed. How can someone giving you money be screwing you??
I hope your views are supported by the minority
:ugh:

It's very simple: if CX have returned to a comfortable level of profitability, and they return the SLS, then they have acted honourably and I will acknowledge them for that. If the above mentioned economic situation is in place and they do not return the SLS, they will have not acted honourably, and any future request for such assistance will elicit the obvious response.

There has to be an accepted level of behaviour between the employer and the employed. Cathay needs to do the right thing when the circumstances warrant. We shall see....

The spin will be; sign COS08 and you can have your SLS in return. :}

I already got my SLS back when I decided NOT TO ACCEPT IT. :ugh:

If you are so hard up for it, why did you take it? :rolleyes:

And if they do report a profit, it would be pretty lame if they don't pay out a full 13th month plus bonus by using the excuse that they "payed back" concessions that were given by the employee group.

They better start spending that money before they have to report profits. Look for really big expenses that don't make any sense... :rolleyes:

Sqwak, good for you... You have nothing to worry about then do you? You made a choice, I made a choice...the company will make theirs. The template was made obvious after the SARS pay cut. I decided to sign onto SLS because on balance I felt it was important to be seen to join other staff in demonstrating support for the company during a difficult time. I wasn't expecting anything back....UNLESS the company returned to reasonable health. If that is the case, then the company should honour their obligations. If you didn't contribute...THEN WHAT BUSINESS IS IT OF YOURS TO EVEN COMMENT..? :mad:

ps. whats 'payed'...?

Hey Sqwak

If they do pay SLS back then those that did sign up will have had up to 4 weeks leave for free. What did you get?

STP

Water check,

Exactly how long have you been at Cathay??????

You are either naive beyond belief, or a complete Bulll Sh!tter.

Steve the Pirate,

What we got is integrity,,, you can have your four weeks! :yuk::yuk:

Well, if nobody had signed for SLS, we would have worked less anyway... on some fleet anyway. 10% overcrew this year, a bit more last year probably.

The nice thing was being able to get our leave in one block. Bad thing of course was the paycut.

I always wanted the AoA to negociate a kind of "loan" to the company.
Meaning endorsing the SLS deal only if we get the assurance it would eventually be paid back.

Now if squak didn't sign for it, fair enough, he's got his reason.
I didn't want to sign for it (difficult financial year,...), but I honestly did by fear of being singled out as being one of the few not taking it.
I hope for him he got away with a lot more money due to overtime... or as much time off as we had.
But please, squak, don't complain if we get back what we didn't really enjoy giving up to the company.

Now, only after SLS has been paid back, it would be time to ask for a full 13th month, profit share, etc...

My bet is the company will have to keep the SLS money to pay its various legal bills.

Flap 10

STP

Steve the Pirate

Flap10

Watercheck
 

"The template was made obvious after the SARS pay cut"

I'm not sure what you mean. I don't recall a "pay cut" resultant of SARS. I do recall a "voluntary" unpaid leave scheme. However, that scheme was predicated on the basis that the company would pay the lost salary back as and when they could. No such undertaking was given for SLS. I'm not sure I would call that a "template".

Fly123456...... I guess you are based then.....

Liam,

Well I actually am.

Would it ease you if I phrased it that way:

Give us back two weeks of SLS money, then complete the 13th month, then the rest of SLS money, then the profit share?

But provided (almost) everybody gave up 3 or 4 weeks salary, and every HK based crew already received half a 13th month:
If the company has to choose between paying a full 13th month or repaying the SLS money, we are better off getting SLS money, aren't we?

Of course I would like to see the company paying everything, and much more!