VR Thread
 

What happened to it? Not all of us spend every waking moment on here but last I looked it was here, now, not so much.

The long arm of the (fill in the blank) is what happened. Calling a spade a spade and saying that experience matters has become politically incorrect. Up is down, down is up with this new generation of magenta following warriors. They are proud of their poor compensation and think taxpayers should make up the difference. Well paid pilots are greedy, capitalist pigs. Far better to be Marxist paupers pretending to be aviation professionals. This does NOT end well...

I deleted it as it started to get a bit of who can pee farther competition.

Not much of information as I was hoping to get, as I am based, so didn’t get the memo directly from the company.
Unfortunately this seems to happen often, rether than help each other, we seem to attach each other, rightly or wrongly, it should never be personal.

So, people can still discuss the Early Retirement Offer, but please keep it professional.

Rather.... instead of rether

attack.... instead of attach

Aw, I was enjoying that !

Baby out with the bath water and I’d grow a pair. It’s not hard to skip the tripe and sift through things to glean something useful.

Basically one year pay maximum. With a clean break in September. No medical. Compared with many based carriers !!!!e offer. If someone was planning to leave anyway in October might be worth a look.

If you are based and can enforce your contract with LIFO required on a master seniority list it’s not worth a second look (and the master seniority list is airline wide; not base specific). You get six months pay protection anyway, sick and vacation leave on top of that, etc so are better off to force a lay-off. When they ultimately violate the EA/CA/CBA provisions by violating the lay-off procedures you’ll have legal recourse. And it’s not like they could close a base to deliberately shirk the lay-off/recall provisions without it coming back at them in court.

Not to mention the CX offer (at least leaked versions) is a lump sum in September. This would probably kill someone on a base in taxes and any based offer — if done at all — would have to have some type of deferred option or payout over the term to get out of the present tax year. As written a based individual would lose one third to half of the money in taxes negating any advantage to simply being laid off.

Most US carriers have gone with early out schemes very close to two years and full medical when you crunch the numbers as an average. It’s a little more complex than that depending on carrier but given the based contracts that’s not a bad target for an early out offer to get in the front door at all.

The VR offer was only made to HK based

If you were leaving in October then you gave notice in July and I suspect not eligible for the package.
If you were planning on leaving soon after October the package might make you financially better off but you miss out on a few months of normal pay.
Food for thought.

It is not a Voluntary Redundancy scheme it is an Early Retirement Scheme, which is perhaps why it was pitched at such low value as they knew that the only people interested would be the ones leaving soon anyway. Perhaps just a box ticking appeasement?
There would only be about 10% of pilots eligible anyway?

No matter what happens to our Senior Crew members, I ain't going to miss the "Voldemort", the most toxic person I've met in my time! I'm having a drink to celebrate tonight coz I'll never see him again.

Maybe your not very good at this ..... Was volleyball that bad?

Busbitch, has he left or have you?

He's gone. I witnessed him compleatly humiliate a couple of FO's with my own eyes, pretty hard to be on that flight deck, it was disgraceful. I know for a fact he ended more than his fair share of Command courses & JFO's too. His standard was pretty average half the time too. There is no place for people who breed that culture of fear & intimidation or bully junior staff. A manager told me once "we need guys like that sometimes" they basically green lit him, but I say Good riddance to him, aviation is safer without him.

I am sure anyone interested/eligible has already done the maths(or mathematics for the grandma nazis - grammar was never my thing - just maths).

So I have more than 4 years to my RA - so I would be eligible for 12months basic salary. No PF- no Housing - no Medical - no HDP etc.

If I was on full salary, no EFP but say full HDP, I would cost the company the same amount from 1st Sep 20 - 31st Mar 21. (yes add one month to both dates now that it is 30Sep start date)

So - how much is it costing CX? If you assume say 100 pilots take it(I doubt that it will be that high but Ive been wrong before) then that is probably about 10% of all Captains. So if you think the work rate in Hong Kong will be less than 90% from now till March next year, then it costs the company nothing to offer this. After that it saves them money.

With SLS2 (and presumably SLS3 in January 2021) the date slips out by another few weeks.


So my 'gut' instinct is that this is just an opportunity to get rid of some of us expensive guys for the eventual recovery. Plenty of time to train up the replacements - and new joiners will be DEFO/DESO on cos18.

So a very smart business decision IMHO.

What do you mean it is now end of september? I am KA and I have not seen that?

So my 'gut' instinct is that this is just an opportunity to get rid of some of us expensive guys for the eventual recovery. Plenty of time to train up the replacements - and new joiners will be DEFO/DESO on cos18.

So a very smart business decision IMHO.[/QUOTE]

That's all I ever thought it was. Am I missing something?

The Hub. FAQ re ERS. And other acronyms.
TTFN.

He is CX, you are KA. Forget about that now - time to start packing.

So has CX had an announcement?

No one said that? Do you need some boxes?