Just talked to a mate that works for NetJets. Apparently some 300 pilots are to be made redundant.

Brainstorm, have a look on the Bizjets forum, no redundancies yet!

They've asked for voluntary redundancies along with 3 or 4 other options, like job sharing, leave of absence, etc.

that sounds about right. the overall fractional industry is pretty slow right now.

I fly for Netjets North America. As of today no layoffs announced. They have received a very good response to the voluntary measures, saving 600 pilot jobs.

The company continues to evaluate their position so no guarantees for the future.

are there any talks of fleet reductions?
I'm still trying to convert to JAA to work over there, I might have it done by late 2010...anyone want to venture a guess as to what NJE will look like then, in terms of hiring?

I would think no recruitment at NJE until 2012-13 earliest. We have the same voluntary options as NJA which are 3-4 year programs. You'll have to wait until all those who take up options are recalled to work before any real recruitment starts.

As for fleet reductions, I'm not 100% sure but I don't think there will be anything significant. Some of the very small fleets (G4 & F900) are going/gone but not much more than that unless the opportunity arises to dispose of a few bravos or something.

Of course, I hope I'm wrong and we recover in the next 24 months....doubt it though.

So CONCRETLY, what are the options offered to current netjets pilots please?

Wind Check,

With all due respect, why do you want to know? If you're in NJE then you'll know what's on offer.

At the moment, every thing is voluntary. If the uptake is sufficient and only NTA management know what it is at the moment, then no one will be forced to leave.

I have also a question for you: Why don't you want to tell us what's nejets is offering to you guys? is that so bad? pprune is a forum to share information, we all know that netjets is struggling like hell and is offering seral options to try to cope with this crisis, just tell us! You or your colleagues. :ok:
We won't laugh at you, its just to inform us how's netjets really like. And to be honnest there is no magic option, basically you are offered long unpaid leave, am I wrong? :suspect:

WindCheck.

As Redsnail has just said - Why do you want to know. Anyone in NetJets cannot help but know the options, and whilst they are not secret, they are of no value to people outside NJE. There is a range of options to suit people, from doing nothing to taking full redundancy. Generally they are generous by industry and outside industry standards.

I'm not NJE, but certainly from the little I know NJE have been exceptional in the offers they've made. I'm aware that there's four or five "options". However, unless you ARE NJE, then really it's of very little consequence. The only reason I can think of as to why an 'outsider' would want to know, would be in order to judge NJE as an employer in context of wanting to work for them if/when hiring re-starts. On that basis, you need know no more than the offers are very good.

redsnail/small fry,

out of interest why are you both so defensive? You are absolutely right in the fact that you do not have to divulged the information. But to use the argument "What use is it to an outsider" is nonsensical.

If we all took that approach to questions asked on pprune by wanabees or our professional peers, it would not be much of a forum!

As an 'outsider', I would like to know the options that have been laid out to your door - for a variety of reasons. Like observing other methods airlines are employing to safeguard the futures of their workforce. Understanding flows of potentially redundant pilots who with their type ratings, the airlines they may flock to etc. Purely out of interest if nothing else.

Like I said, you have the liberty to divulge nothing but I am slightly surprised at the response given to windcheck.

With all due respect to my former colleagues..........
 

.........I can't really see the need for secrecy. Just about every NJE pilot I've spoken to since the options were issued has wanted to do nothing else but talk about them in great detail, to me and others, which puts it firmly in the public domain so here goes..........

Option One, voluntary redundancy. Payoff 10 months salary for one year of employment plus 4 months salary for each extra year to a maximum payoff equivalent to 24 months salary.

Option Two. Long Term Leave Of Absence, three years. 50% salary for the first six months, 20% for months 7-24 then 10% for the third year.

Option Three. Job sharing, year on/off. 60% salary per year.

Option Four. Leave of absence. Length by mutual agreement, salary on a sliding scale between 0% for three months off and 33% if off between one and two years.

Option Five. Temporary part-time. Work between 120 and 150 days a year on a sliding scale of 60-75% salary. (Work pattern a bit like a decent biz-jet job really ;) )

I think options one and five give no protection from enforced redundancy whereas the others mean you can't be laid off once on the scheme. I'm sure I've been told more detail but these days while the flesh it still willing the mind is weak.

NetJets have a confidentiality clause in their contracts, which is a compelling reason not to divulge ongoing contractual offers in a public forum to people outside the company. It's even more compelling since some people know the real names behind some of the Pprune IDs.

I have not read the offers, but a few insiders have shared a few details. Perhaps the reason people are defensive is because they are loyal to NetJets and don't want to air the company smalls in public. You don't have to like their stance, but it is their choice to withhold. If curiosity is killing you, next time you meet one of their pilots in a bar, buy the drinks, lots of drinks!

There is a PR side to this as well. Why would you bite the hand that you hope will keep feeding you and possibly contribute to an already worsening sales trend?

Thank you flintstone :ok:

Well Windcheck, now that you know the options, are you much better informed? I really don't think so. Enough was said already before. All NJE pilots (except maybe Flintstone) want to stay with NJE and then you need to keep certain detailed information within the company respecting the confidentiality clausule before information goes 'the wrong way' if any.

Fully agree with you, Adios....

Are you sure you've paid attention? ;)



Er, except maybe the ones who have been asking me if I know of any jobs going elsewhere? About eight at the last count.



What a bizarre thing to write :O He/she knew nothing and now knows most of the deal so ummmm, I'd say he/she does know more.

Flinty,

I generally like your candid honesty and matter of fact responses and, as you can tell, I do not go to print so often, but accuracy is imperative!

I think by virtue of giving up your job under the VR policy (option 1), you will not need to worry about protection from compulsory measures!

Option 5 sounds correct but I think there is one other that encroaches on the danger zone.

Mis-information is no information.

I am not trying to be awkward in giving info (or not) but I tend to agree with the discretion of other employees. The 'need to know' policy can be very effective outside the military as well.

Please work on your accuracy in order to give your posts serious credibility.:=

See me, 3/5.





:mad:

*emphasised this time around for the hard of reading.

;) 3/5 for comprehension.





PS I was tempted to post the whole document but that might be going too far.