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Anyone considering selling their services for what is the price of a 13th month per year of service AFTER year 10 , a recompense we were entitled to receive regardless but did not on many occasions, must have @#$ing rocks in their head. Pilots must be the dumbest financial decision makers that I have ever met. Business 101, NEVER accept the first offer. |
? if it is a SVS they are not selling their services, they are resigning from CX before retirement age, and getting a sweetener to do so. For many that are sick of the BS, and thinking of leaving anyway, why not? Just think of it as CX deciding that with so many SO and FO leaving, they want to balance things out by getting senior captains to leave as well
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It's a **** offer, then again so was the one in 94/95. And guys still took it. And then they found themselves short of Captains, one of the contributing factors to the formation of that festering sore, ASL.
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Well, one thing we can all be certain of; no matter what CX eventually ends up doing, you can be 100% certain that our genius management will :mad: it up. Well and truly.
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Presumably they are talking basic pay only. With school fees, mortgage paid, medical, overtime, etc etc I get paid nearly twice my basic. So wouldn't be a great offer but still handy if you were thinking of going anyway.
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To be clear. Under HKG law you qualify for 1 month per total years service with one employer after you have completed 10 years. SO, 30 years with CX gets you 30 x 1 month plus the 3 month severence. It is basic salary with no add ons like schooling, housing and the like. Agreed it is not the best scenario but for many it would pay off that house back home and set the kids up for their entire education. The plus side is you get out of CX with a tax free lumpsum and can either retire early or start again somewhere else with some cash in hand.
Not for everyone. Maybe it would only suit a few but it is better than the fate that awaits us all when this company stops trading. The idea has come from Merlin himself and endorsed by the new GMA. It only applies to captains. |
Anyone at KA been asked?
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Unitedabx Does that law apply to Cathay pilots? I haven’t heard of anyone getting any lump sum payment upon leaving the Company? |
The amount is capped at 390k
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Originally Posted by unitedabx
(Post 10223225)
On Friday I had the pleasure of having my lunch ( tuna and tomato sandwich and ginger ale ) sitting opposite a young woman who has recently joined CX from EK to improve pilot recruitment. She asked if I was a pilot (yes) and what fleet (777). I didn't know CX had 777's was her reply. I thought CX only operated Airbus. No I said that is Cathay Dragon. I reruit for them too was her answer. I bet you are struggling to meet your cadet quotas I asked. Yes she said and asked me for any suggestions. You get what you pay for I said. Up the package being offered and your numbers will improve and then tackle the many other issues to retain the pilots. We can't up the package she said "there isn't any money in the kitty for that". Pity I said because thats what it will take to get numbers rising. By the way why did you leave EK to join CX I asked. Her answer " a better package of course ".
Sometimes I really wonder how unqualified people can get these types of jobs. Didn't know CX operated 777's...............really? It's the backbone of their fleet you dumb b!tch. |
Of course CX pilots qualify. It is HKG law and one of the few labour laws that covers everyone. There is no cap. When CX offered this before in the 90's some guys left with millions. I have done some quick calculations and in my own case ( and I stress I am not in a position to accept it even if I wanted to ) I would receive HKD 5.48m. Last summer some of our sim instructors got close to HKD 2m. I don't know where CyberT gets the 390K figure from. Severance pay is between employer and employee. The one month per years served is the minimum.
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CX can offer whatever deal they want, including putting a cap on it. As AirProfit said, whatever our management end up doing, they will be certain to :mad: it up.
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As long as they f*ck it up in your favour... what’s the downside? |
1 Attachment(s)
Originally Posted by unitedabx
(Post 10234498)
Of course CX pilots qualify. It is HKG law and one of the few labour laws that covers everyone. There is no cap. When CX offered this before in the 90's some guys left with millions. I have done some quick calculations and in my own case ( and I stress I am not in a position to accept it even if I wanted to ) I would receive HKD 5.48m. Last summer some of our sim instructors got close to HKD 2m. I don't know where CyberT gets the 390K figure from. Severance pay is between employer and employee. The one month per years served is the minimum.
Attached the Labour Department's Q&A for severance payment and long service payment |
Only death or resignation gets you away from this miserable outfit. |
I can just hear those who built the place, and invested their lives in it lamenting......
Once I built an airline Made it run Made it race against time Once I built an airline Now it's done Brother, can you spare a dime ? |
Slasher, I don’t think the Swires are short of a dime! |
Only death or resignation gets you away from this miserable outfit. |
The HKG legislation quoted elsewhere is for serverance or long term payment. It does not apply to voluntary redundancy. Are you really suggesting that all the bankers in HKG when they get the push are limited to HKD390K ? Last summer when 600 office staff were let go, some recived payments in excess of HKD2M.
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The $390 k is not applicable in this case. Regardless, CX will make a mockery of the concept. |
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