Cargolux vs Qatar
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Join Date: Jun 2008
Location: luxembourg
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Cargolux vs Qatar
1 year ago Qatar Airways bought 35 % of Cargolux shares.
QA spoke of partnership and synergies.
A few weeks later Mr Al Baker wowed to change the culture of Cargolux.
Today QA has hired 2 former bosses of Cargolux and has opened routes out of LUX competing with Cargolux by undercutting its prices by 30%.
Richard Forson was instated as a CFO,serving actually as CEO as well. 2 weeks ago he cancelled the CWA (collective work agreement), ultimately forcing all employees to work under basic labor laws , waiving all benefits acquired over more than 30 years.
Rumors are to outsource the maintenance eventually to DOH, reduce the CV fleet from actually 16 747-400 & 747-8 to as little as 4 airplanes and outsource the pilot work force
QA spoke of partnership and synergies.
A few weeks later Mr Al Baker wowed to change the culture of Cargolux.
Today QA has hired 2 former bosses of Cargolux and has opened routes out of LUX competing with Cargolux by undercutting its prices by 30%.
Richard Forson was instated as a CFO,serving actually as CEO as well. 2 weeks ago he cancelled the CWA (collective work agreement), ultimately forcing all employees to work under basic labor laws , waiving all benefits acquired over more than 30 years.
Rumors are to outsource the maintenance eventually to DOH, reduce the CV fleet from actually 16 747-400 & 747-8 to as little as 4 airplanes and outsource the pilot work force
Join Date: Feb 2003
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as gill scott heron so eloquently stated in a 80s song: the arabs used to be in the third world;damn they have bought the second,and put a firm downpayment on the first one.
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From having worked there recently there was an info leaflet made available to everyone that sais that The new investors would not take more than the 35% they have at this time ,but who knows. Can't See CV or Lux Gov letting it happen in the near future.
