This Friday?
 

Doesn't seem like today's the day.

Considering we're in the fourth quarter where the restructuring plan was meant to be announced and the group is losing 2 billion HK$ a month, each Friday that passes doesn't help the bottom line.

Place your bets.

All these emails about checking the accuracy of your registered bank account name sound like a clue to me.

Somehow I doubt the rather mundane HK Interbank Clearing Ltd would give such a tight deadline for a minor issue, but then what do I know...
On the other hand, if I was an employer forced to make a bunch of redundancy payments after Oct 15, especially if the payees have no access to the CX intranet anymore to make modifications to their banking details, I'd try to make sure that everyone sorts it out beforehand to avoid myself some headaches.

What day does the AOA recognition agreement with the company end again?

I dunno... I'm probably just reading into things.

Board hasn’t convened. No announcement till November.

Yes, they are currently occupied baking cakes , taking yoga lessons and conjuring up different ways of saying how concerned they are about peoples' mental health. Once that's all done we might get a decision?

One can but hope. 🙄

At least November, maybe end of Q4, just in time for Christmas

They're taking a leaf out of my book - procrastinate as long as humanly possible.. After all, there could be light at the end of the tunnel. If not, we're buggered.

The decision will come. Whatever that decision is, it will affect CX, KA or HKE...

It would seem that management put their bets on this being blown over after a few months, it hasn't worked out that way... so shame on them! (because we know better!)
Bet you if this had blown over in a few months, we'd be praising them for a good job keeping us employed as opposed to sacking us like BA, EZY, WZZ etc etc etc..

Imagine the following:
-Virus hits the world
-2 weeks later, CX sacks 50% of its pilots, BA keeps all pilots
-4 weeks later, virus gone... praise for BA management for not overreacting.. shame on CX for sacking people...

Imagine this:
-Virus hits the world
-2 weeks later, BA sacks 50% of its pilots, CX keeps all pilots
-4 weeks later, virus gone... praise to CX management for not overreacting.. shame on BA for sacking people...

Just like how pilots can never win, nor can management....... and yes, I am just a pilot, and yes, I hope the company does all it can to keep us together so that non of us has to be unemployed.

Being PPRuNe, don't you worry, I've got my own popcorn set up for my own roasting... and yes, i've had a few...

Imagine this:
The protests and trade war triggered CX’s problems, the china plague exacerbated it, and the national security law potentially kills the company.
Only it’s not imagination, and therefore deep structural changes coming. Sadly so.

schweizer2

yeah but your example quoted 1 company when pretty much entire world is taking drastic actions....Sure to succeed you have to go against the flow, but its record has told us that CX management doesn't really have what it takes to bet against the odds and win do they?:ugh:

This is incorrect. There are a number of airlines that have not finalised layoffs.

Not entirely coincidental, these said airlines have received state aid and/or the state is a shareholder.

optimism but I feel it is misplaced and you are in for a huge shock. (let us hope I am wrong ).
The SwireCX Board do not meet until 2nd November and I am told this is a zoom briefing on proposed restructuring.
Then there is scheduled a Full Board Meeting in London ( not HKG due quarantine requirements ) the following Monday at which time the decision will be made.
The stock exchange in HKG must be briefed before any announcement and that is always in the SCMP the day before in the business/stock announcements section.

So, you do the maths but I have heard the new contracts must be in place before 1st December to avoid having to pay KA their 13th month.

At your age, you should be more worried about coughing yourself death with COVID, rather than seeking warmth from attempting to unsettle former colleagues.

You've a long history of being incorrect. I think your Swire friends are having a lend of you.

Eventually you will come close. But don't anyone forget a long list of bitterness and inaccuracy in prophecy.

I think you'll find I'm more right than wrong but for many accepting the inevitable is very hard. If a moderator is reading this then I think the "death wish" you wrote is sufficient to have you banned. Meantime I wish everyone health and peace of mind. Look after your families and yourselves. That includes you Gnadenburg.

I sincerely hope Herr Gnadenburg doesn’t get banned, as he at least adds some balance to the debate. Unlike United’s inside info, apparently from such reliable sources as Willy Walsh, to alleged insiders on the Swire board, none of which has proven correct, since he started posting vicariously during the protests of last year until now.
Of course something unpleasant is forthcoming. Doesn’t take a genius, or a lurker from retirement with contacts on the inside, allegedly, to tell us that.
Enjoy your retirement, and the apparent abundant fruits of your labours.
And b@ggar off and stop adding to the level of stress and concern on here by posting sh**e.

4:42am in Essex. Sounds like you are loving 'retirement'. :hmm:

Jeez some pathetic old losers on this forum.

For those of us still here and waiting for the axe to drop, good luck to us all! Every month I still get a pay cheque feels like a bonus now. Every month I add as much of it as possible to the rainy day fund. No point in worrying too much about things you can't control, life goes on.

Time will tell, United. Looks like layoffs are unavoidable, question is about T&C of those remaining..

As you said, let's hope you are wrong :-)

I'm sorry you feel that way. There was no Death Wish at all, I was merely extending my concerns, that you have some longevity metrics you need to be concerned about rather than bitter trolling. It's also somewhat obtuse, you wish everyone piece of mind, when you have a history of wild and unsettling rumour mongering.

Though how good are your rumours? Restructuring means job losses and dare I say there is wide acceptance from colleagues- yet your Doomsday date has been in perpetual motion. You missed the big mid-year scoop of a government bail-out and another wayward fuel hedge. Are your two friends really ex-Swire? Because there was almost panicked leaking of this in the high end of town many weeks prior.

If you were uncomfortable with my retort please report it to moderators. It could be just like them old days where you could report colleagues in anonymity.

unitedabx

I think you’re a little out of touch old boy.

The days of the minority shareholder dictating to the other 60% how CX will be run is over. How many board members is Swire down to? 6? Out of 17. 19 if you include the 2 non-voting directors appointed by the Hong Kong government who are required to attend and observe every board meeting. I highly doubt they’ll be traveling to London to meet in the offices of a minority share holder, and I certainly doubt the Beijing based directors will go there.

You’re fellow drinkers in Essex may well know what angle some directors of the board are taking, but unlike in the days of old, their influence over the CX board is now proportional to their numbers.

I don't think he's familiar with the Chinese business structure.

Regardless of what business it is, any 'strategic' business that the CCP has a hand must have a 'Party nominated secretary'. This position has more power than anyone in a company, including the guy who allegedly owns it, ask the owner of Wanda Group, Alibaba, Tencent etc....the truth is, the Swires will have a say, but only after they get the nod from the party nominated secretaries...

What a bloody sham that is. Good grief. The ChiComms are vermin and will destroy everything “free market”. China is nobody’s friend, just eh enemy firmly planted in a hell hole.

IAG taking decisive action replacing Cruz with Doyle to clear the decks and restructure BA. Meanwhile, CX hasn't done a single thing. Speaks volumes.

Can't argue with that.

When was the last time you visited China? I mean visited, not just flew there for an overnight.
Nowadays, a lot of news fed to us was what they wanted us to hear/read.

He/she doesn't need to visit. It's all on Fox, CNN, ABC, BBC, etc. The media would never lie to us. Right?

If no one reads anything I've ever written I might hope they would read this. You can trust NOTHING -- repeat ABSOLUTELY NOTHING -- you read, see, or hear unless the source is well known to you personally and is credible (I realize the irony of this as someone typing on a semi-anonymous Internet forum).

The ONE thing that has expanded exponentially is the volume and sheer amount of absolute informational propaganda just about everywhere (from EVERY source). There MAY be a fact or half-truth in there somewhere, but we've been subjected to nothing but a bombardment of parrots hearing something and squawking at each other over the last couple of decades. Nothing even remotely related to facts or truth. This shapes perception amongst the unwary and can cause real harm.

It's almost like that old game of "telephone" but the words and phrases are moving in both directions.

I'm getting kinda older and have been around the block a few times. But I've never seen anything like this in what passes for news and media these days.

What do I use as a barometer ? Coercion. If something has to be coercive in nature, chances are it's the wrong path and the argument is incapable of standing on its own merit or real facts. Lockdowns, mandates, etc. all fall into this category.

That is a very common perception. But is it true?

Name one example of an orchestrated global media lie.

Iraq has weapons of mass destruction.

The Christopher Steele Dossier on Trump

“The media” concocted neither. “The media” certainly didn’t coordinate among themselves to lie to the public.

Sure. Watch the liberal media on any given day. They mysteriously all begin using same new 'catchphrase' of the day. Or they all decide to not give any air time to the new bombshell report about Joe and Hunter Biden and their epic corruption scandal with Burisma. I could go on, but there are a certain percentage of people who refuse to accept fact. On Nov 3rd however there will be no getting away from that fact. Counting the days. Oh, and btw...regarding our issue: it will be Monday.

I don't know to what extent it's 'orchestrated' but I do know it's 'parroted'. And been parroted for decades. And always advocates some form of regulation under the force of law and imprisonment to coerce. Completely abandoning the concept that if it was such a good idea people might make the choice to do it in the first place rather than have some Hobbesian stormtroopers come in to execute it.

You can add to the previous the Russian Collusion scam, The Flynn persecution scam, The man-made CO2 global warming myth (and it's close brother the so-called 'green energy' scam--there IS no form of energy which doesn't have externalities nor is there a zero emission anything), the chlorinated flourocarbons-ozone scam (which was decades ago; when it was debunked and found these had no effect they were changed to 'greenhouse gases' in a perverse face-saving move), the lockdown myth (which interestingly enough has prompted a CDC reversal -- in a no shiite sherlock moment -- in that it causes more harm than good and has little effect on spread), and the mask myth.

If you want to get into economics you can also delve into the minimum wage myth (if a minimum wage ever has any effect, which it often doesn't because prevailing labour rates are usually above it in most labour markets, it's always destructive. First year economics student stuff).

All the above topics have been extensively discussed by global media, often highly controversely. In some cases for years.

I am not an expert in US media, but the fact that I can't listen to the likes of Hannity or Tucker without deep revulsion tells me both sides of the political spectrum are well represented.

Unfortunately we all suffer from confirmation bias, we want to read or watch what we believe in already.

Yes, to a degree. I find that those like Slasher have a better understanding of both sides, primarily because we are assaulted by the MSM on one side, but go out of our way to look for other sources. A lot of people (seemingly most) are happy to get their "information" from the left-wing media and facebook alone.

STW. The fact that you denigrate Tucker Carlson is a very revealing insight to your mindset. As he is the most clear thinking and insightful commentator on television is something that his record viewership numbers speak to. Your opinion is of course welcome.

I guess instead of ‘parroted’ I might have said ‘engaged in a systemic pattern of agenda based groupthink propagandizing’.

But parrot sounds better and those big words are a bit too high class for the likes of me anyway.

mngmt mole. The fact that you see Tucker as the most clear thinking and insightful commentator on television is a very revealing insight to your mindset. As he is the most ridiculous, self conceited nitwit out there(although Jaenine is giving him a good run for his money). At least he got rid of his silly bow-ties. Your opinion is of course welcome.

Mngmt Mole, I did not denigrate Tucker. I said I personally can't listen to him.

You guys prove my point. The very fact that we discuss which anchormen or media outlet is right or wrong shows the diversity and open debate culture. There is no such thing as the media. We have state, left and right wing media, millions of bloggers and self-declared journalists, chat groups, youtube channels etc.Then you have twitter and presential debates, no filter at all. Thousands of press briefings, interviews etc. At no point in the history of mankind have so many people engaged in political debates. There is no dominance of "liberal" media. Tucker has high viewing numbers, you said it yourself. So does Breitbart. Facebook is just an advertising company, you get get to see the ads that match with your profile and whoever pays for you to see them. As far as I recall it was Trump who most successfully used FB during the last election with the help of Cambride Analytika. It is beyond me why anybody would use FB as news source, and again shows the vital and essential role proper news media have.

Slasher, your claim everybody is parotting or part of a system is baseless. Just because politics don't follow your opinion the public isn't necessarily manipulated. The idea there is a shadow power in control of everything and only you see it is text book conspiracy theory. You clearly have extreme right wing opinions, and that is ok, but the controversial discussion we are having right now shows we are not all parotting, or we would not disagree. All you said, from minimum wage to global warming I disagree with. I would go as far as to say we live in different worlds. But it is in places without a debate, without an ugly fight about the truth where one should be much more concerned.

The division proves the freedom and diversity of our society, but is a problem as well, I won't deny that. It shows in here and in politics. But what is the alternative? I take a divided and polarized society over China or Russia any day.There you have people really parotting the state media. That's the difference.

!!!!, I agree with STW. Must have a long hard look in the mirror now.
Unless I’m just parroting him...🤔

All this talk about parroting is interesting. I’ll just drop this here without comment except to suggest it’s a worthy watch and do so with an open mind. It’s on Netflix

The Social Dilemma