Emirates about to ground A380 ops
Join Date: Jun 2001
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And pay cuts but, for now, no redundancies.
From the Khaleej Times:
https://www.khaleejtimes.com/coronav...unces-pay-cuts
From the Khaleej Times:
Salary reduction
As a cost-cutting measure, the airline will initiate a temporary reduction of basic salary for the "majority of" Emirates Group employees for three months. The salary cut ranges from 25 to 50 per cent. The Presidents of Emirates and dnata - Sir Tim Clark and Gary Chapman - will take a 100 per cent basic salary cut for three months.
Employees will continue to be paid their other allowances during this time. Junior level employees will be exempt from basic salary reduction.
"Rather than ask employees to leave the business, we chose to implement a temporary basic salary cut as we want to protect our workforce and keep our talented and skilled people, as much as possible. We want to avoid cutting jobs. When demand picks up again, we also want to be able to quickly ramp up and resume services for our customers.
"The Emirates Group has strong liquidity, with a healthy cash position but it is prudent that it take steps to reduce costs at this time. Emirates remains committed to serving its markets and looks forward to resuming a normal flight schedule as soon as that is permitted by the relevant authorities."
As a cost-cutting measure, the airline will initiate a temporary reduction of basic salary for the "majority of" Emirates Group employees for three months. The salary cut ranges from 25 to 50 per cent. The Presidents of Emirates and dnata - Sir Tim Clark and Gary Chapman - will take a 100 per cent basic salary cut for three months.
Employees will continue to be paid their other allowances during this time. Junior level employees will be exempt from basic salary reduction.
"Rather than ask employees to leave the business, we chose to implement a temporary basic salary cut as we want to protect our workforce and keep our talented and skilled people, as much as possible. We want to avoid cutting jobs. When demand picks up again, we also want to be able to quickly ramp up and resume services for our customers.
"The Emirates Group has strong liquidity, with a healthy cash position but it is prudent that it take steps to reduce costs at this time. Emirates remains committed to serving its markets and looks forward to resuming a normal flight schedule as soon as that is permitted by the relevant authorities."
short flights long nights
I was thinking the same thing, Fatbus.
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No one with any understanding of EK believes them when they say temporary. This will be a permanent reduction. Where will anyone go to after this Corona Virus is done?
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If they sustain this level of remuneration, it then opens up many doors that many previously dismissed. That local job flying a turboprop around your back yard, is now a lot more competitive from a financial perspective than it used to be. The regional sector in aviation often rides these storms better. Remote communities still need to survive and function, irrespective of what apocalyptic headlines are in the newspapers.
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If they sustain this level of remuneration, it then opens up many doors that many previously dismissed. That local job flying a turboprop around your back yard, is now a lot more competitive from a financial perspective than it used to be. The regional sector in aviation often rides these storms better. Remote communities still need to survive and function, irrespective of what apocalyptic headlines are in the newspapers.
