Cargolux vs Qatar
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Joined: Jun 2008
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From: luxembourg
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
Joined: Jul 2006
Posts: 86
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From: Garden shed
Joined: Dec 2007
Posts: 188
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From: uk
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.
