EK - Exchange Rate Protection Values Halved- New Joiners Be Warned
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Join Date: Jan 2008
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EK - Exchange Rate Protection Values Halved- New Joiners Be Warned
New joiners be warned that the ERP values EK are advertising are false (maybe they just forgot to alter them).
From Jan this year the value of ERP has halved as the historical value of the Dhirham versus your home currency has been changed by the company.
For UK sterling the value of this payment is now only 40% of what I got in my dec pay check. Like everything elkse in this choclate coated dog sh*t company they did not tell me this.
Does not apply to US citizens as the UAE Dh value is fixed to the us$
What a nice way to start the year a 4.4 % pay cut.
Already looking to move back to easy, heavy new aircraft, they can shove them where the sun doesn't shine. Back to easy for me, easy it may not have been but at least I had a Union and a CAA who would not put up with the **** they pull here and a court I could sue them in.
From Jan this year the value of ERP has halved as the historical value of the Dhirham versus your home currency has been changed by the company.
For UK sterling the value of this payment is now only 40% of what I got in my dec pay check. Like everything elkse in this choclate coated dog sh*t company they did not tell me this.
Does not apply to US citizens as the UAE Dh value is fixed to the us$
What a nice way to start the year a 4.4 % pay cut.
Already looking to move back to easy, heavy new aircraft, they can shove them where the sun doesn't shine. Back to easy for me, easy it may not have been but at least I had a Union and a CAA who would not put up with the **** they pull here and a court I could sue them in.
Join Date: Aug 2007
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Shafted.
Absolutely, ERP almost halved this month, how the hell did that happen ?
What with my Feb roster plus this, really feel like im getting shafted. Finding it very difficult to justify being here any more, updated C.V on it's way.
What with my Feb roster plus this, really feel like im getting shafted. Finding it very difficult to justify being here any more, updated C.V on it's way.
Join Date: Aug 2007
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Shafted!
U GUYS R VERY FUNNY WHEN U CAME HERE IT WAS ALL ALRIGHT NOW ITS ALL SUCK BARE IN MIND IM NOT IN EK BUT IN THE SANDPIT SO WHAT THE F..K R U WAITTIN FOR JUST GO AND MOVE ON AND LET US ENJOY THE SUNY SIDE OF THIS WORLD PEACE BE ON U ALL OF US ,THE STERLING IS OUT, NOW WE TALKIN ABOUT EUROS AND DOLLAS BRO GET A LIFE AND THE IMPIRE IS GONE LEAVE IN A REALLY WORLD 
Join Date: Sep 2002
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MAKAVELI320 - STOP SHOUTING!
Your keyboard has a caps lock, try turning it off. It will make your diatribe slightly easier to read, although with your teenage-mutant texting skills I doubt it.
Your keyboard has a caps lock, try turning it off. It will make your diatribe slightly easier to read, although with your teenage-mutant texting skills I doubt it.
Join Date: Feb 2000
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Sandpit
Let's get this straight. and without the rant. Are you infering that the company has changed its policy, as stated in the Employee handbook, or that the average 5 year rate has been manipulated.
Or can you just not read a contract?
Let's get this straight. and without the rant. Are you infering that the company has changed its policy, as stated in the Employee handbook, or that the average 5 year rate has been manipulated.
Or can you just not read a contract?
Join Date: May 2005
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I would suspect that as a result of the dollar being weak for such a long time that the 5 year moving average is catching up with us, plus the dollar strenghtened slightly last month.
I think somewhere in the groupworld site there is a list of the 5yr moving average figures.
MAKAVELI320......NO NEED TO SHOUT YOU K**B, WHAT A PATHETIC RANT
I think somewhere in the groupworld site there is a list of the 5yr moving average figures.
MAKAVELI320......NO NEED TO SHOUT YOU K**B, WHAT A PATHETIC RANT
Last edited by Fart Master; 29th Jan 2008 at 13:07.
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I think yoll find easy have stopped recruiting and are shafting new joiners with different contracts.So much for the union.RYR are tinkers, the charterers are in the usual turmoil.Take your rating and go east young man.
Seriously i could give you an email for a charterer looking for 738 rated guys.
Same **** everywhere though. Just the depth that varies.
pm me for the email.
Seriously i could give you an email for a charterer looking for 738 rated guys.
Same **** everywhere though. Just the depth that varies.
pm me for the email.
Last edited by wee one; 29th Jan 2008 at 09:25.
Join Date: Mar 2004
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EK haven't changed the contract or manipulated the 5 year rolling average figure.
The problems is that most pilots haven't bothered to consider how the ERP actually works.
The rolling average is catching up on the pound. Soon it will on the other currencies. ERP will decline to nothing and in the course of the next year there will be a 7.5% salary cut for those who have been doing well on the ERP.
EK will continue to take revenue in highly valued currencies and pay you in Dirhams so they will continue to benefit from lower wage costs.
Why do you think the UAE hasnt depegged or revalued. Every day the dirham drops, all the expats building the country get paid less. They worry about inflation but that's a problem that the workers must pay for too. Why would they dream of upsetting this little arrangement?
The ERP is an advertising gimmic - nothing more. It only partially addresses short term currency fluctuations. It will not address the long term and deliberate devaluation of the dollar.
The problems is that most pilots haven't bothered to consider how the ERP actually works.
The rolling average is catching up on the pound. Soon it will on the other currencies. ERP will decline to nothing and in the course of the next year there will be a 7.5% salary cut for those who have been doing well on the ERP.
EK will continue to take revenue in highly valued currencies and pay you in Dirhams so they will continue to benefit from lower wage costs.
Why do you think the UAE hasnt depegged or revalued. Every day the dirham drops, all the expats building the country get paid less. They worry about inflation but that's a problem that the workers must pay for too. Why would they dream of upsetting this little arrangement?
The ERP is an advertising gimmic - nothing more. It only partially addresses short term currency fluctuations. It will not address the long term and deliberate devaluation of the dollar.
Join Date: Jan 2008
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The ERP is not an advertising gimmick; it entered use well before the start of relatively recent intensive recruitment, and purely as a way to offset SOME of the effect of currency change. Logically, a pilot joining TODAY should not be eligible for most if not all of the ERP payment. This is because Emirates is not responsible for the exchange rate, no matter what benefit they receive from it. Those who have watched their home-currency effective salary drop by over 30% in the last five years are catered for to a predetermined extent by ERP. Those who join today knowing the rate isn't that good but accept it anyway still get an ERP payment, to the best of my knowledge, and therefore are AHEAD because the company want everyone on the same deal (secret deals aside). I know this isn't what people want to hear but let's be reasonable. We all joined knowing it is a five year rolling average. All that kept the payments up is a steady decline in the rate. But if the GBP rate has changed by 40% in one month then to my thinking, something is dead wrong.
If you think ERP is in your contract then I'd suggest a re-read might be in order.
Or can you just not read a contract?
Last edited by LazyPilotEK; 31st Jan 2008 at 10:15.
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Rant and rave, moan, groan and bitching supreme!
See you at CBC at 02H00 in the next few days - otherwise, if you are not happy, set sail to the promised land!
Not seeing too many leaving!
ERP is a fact - manipulating the figures - I do not think so!
See you at CBC at 02H00 in the next few days - otherwise, if you are not happy, set sail to the promised land!
Not seeing too many leaving!
ERP is a fact - manipulating the figures - I do not think so!
Join Date: Apr 2006
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A translation of TwinJocks post.
You are all whingers.
I'm on early starts for the next few days. If you're not satisfied with my roster then you should look for another job.
I don't see many people leaving.
EK pilots are paid ERP, the company is open and honest when calculating those payments.
Still makes no sense.
I'm on early starts for the next few days. If you're not satisfied with my roster then you should look for another job.
I don't see many people leaving.
EK pilots are paid ERP, the company is open and honest when calculating those payments.
Still makes no sense.
Join Date: Jun 2006
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Still 11 months left this year fatty, plenty have had or are going for interviews... CVs being polished up.
The ERP never came close to repairing the damage the $s decline has done.
The ERP never came close to repairing the damage the $s decline has done.
Join Date: Mar 2004
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Its interesting watching core issues on threads being sidetracked. Happens every time and there is a pattern forming.
If we screen those consistent sidetrackers I think a few things might become apparent...
If we screen those consistent sidetrackers I think a few things might become apparent...
Join Date: Sep 2005
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Dear Ernest,
I try to keep things S&S (not easy in this company I admit).
If I look at my ranking on the seniority list I don't see myself climbing any more since 5-6 months or so... to me that is an indication almost no one is leaving...
How do you do your maths?
I try to keep things S&S (not easy in this company I admit).
If I look at my ranking on the seniority list I don't see myself climbing any more since 5-6 months or so... to me that is an indication almost no one is leaving...
How do you do your maths?
Join Date: Mar 2000
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One of my friends left late last year, one has resigned and several more to go by mid this year, give it time. I've been here a while and only moved up 60 places or so but plenty have left behind me.