easyjet pilots to strike??
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FlapsOne / Kennedy - don't really see much point in them trying to get the share price up. The privileged (and protected) few at the top apparently get their price guaranteed!
Any ideas on how that works?
Any ideas on how that works?
ex-Tanker
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Yes Flaps 1 - you might be tempted to quote "Now is the Ed. Winter of our discontent..." 
Mind you, the latest descent in share value is parallel to the FTSI at the moment .
Mind you, the latest descent in share value is parallel to the FTSI at the moment .
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ezyops
Can't see how their price can be guaranteed. Who's going to act as guarantor for that amount of money?
Apparently the management have come up with a better deal which Balpa are recommending to the membership.
No details as yet but includes steps forward in several of the discussion points that have stalled the last few meetings. It also includes some sort of statement on rostering procedures etc.
Should make interesting reading when the full info is sent to us - unless Toby Nichol tells Reuters first!
Can't see how their price can be guaranteed. Who's going to act as guarantor for that amount of money?
Apparently the management have come up with a better deal which Balpa are recommending to the membership.
No details as yet but includes steps forward in several of the discussion points that have stalled the last few meetings. It also includes some sort of statement on rostering procedures etc.
Should make interesting reading when the full info is sent to us - unless Toby Nichol tells Reuters first!
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From today's Gaurdian (31 Jan)
EasyJet pilots cancel strike
EasyJet pilots have cancelled industrial action after reaching agreement with the low-cost airline on its merger with Go.
The British Airline Pilots' Association said it had recommended a new offer on pay and conditions, having resolved a long-running dispute over rostering.
EasyJet pilots cancel strike
EasyJet pilots have cancelled industrial action after reaching agreement with the low-cost airline on its merger with Go.
The British Airline Pilots' Association said it had recommended a new offer on pay and conditions, having resolved a long-running dispute over rostering.
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the deal includes several elements of eroding easyjet terms and conditions, including a massive reduction in sector pay, new captains,(many of whom have been with the company for years) are to takea 10% reduction in pay, less leave etc.
Well done BALPA, Jim and co i hope you all got what you individually wanted, shares, over 60s t&cs etc. And yes, I will be cancelling my subscription.
Well done BALPA, Jim and co i hope you all got what you individually wanted, shares, over 60s t&cs etc. And yes, I will be cancelling my subscription.
Something Gorgeous in the City
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At last, something I do understand!
As my username suggests, I may be able to clear up a couple of items here (make a nice change, usually it's you guys clearing up MY confusions!):
The current weakness in the easyJet share price is down to a combination of 1) concerns of the impact of George Dubya/Our Tone's double act over Iraq on SLF's willingness to fly; 2) concerns over easyJet management's ability to integrate the Go acquisition successfully (including resolving the pilot dispute) 3) concerns as to their ability to get Deutsche BA into a suitable shape to exercise their option to purchase later this year; 4) concerns as to the recent slippage in passenger yields that we've been seeing (yes, you expect prices to be low when you're expanding operations as fast as these guys, but the market's been a bit taken by surprise as to the recent falling off of rates; 5) the high oil price - easyJet are unusual in their policy of not hedging against fuel costs; 6) the apparent delay in getting out an EGM statement which will include a trading update - we're starting to get concerned that it my be weak and 7) market weakness - airlines are what we call "high beta", in other words, they have a high degree of correlation with market movements, sometimes moving far further than the market (eg market goes down 1%, EZJ shares down 2%).
So all the suggestions we've had so far are right!
The only one I think looks wrong is the idea of management getting a guarantee on their share price - are you maybe thinking about the exercise price on their share options? Which IS fixed, but that fixes a price for them to buy those shares at, not sell.
...hmmm .... maybe I haven't helped at all ....
The current weakness in the easyJet share price is down to a combination of 1) concerns of the impact of George Dubya/Our Tone's double act over Iraq on SLF's willingness to fly; 2) concerns over easyJet management's ability to integrate the Go acquisition successfully (including resolving the pilot dispute) 3) concerns as to their ability to get Deutsche BA into a suitable shape to exercise their option to purchase later this year; 4) concerns as to the recent slippage in passenger yields that we've been seeing (yes, you expect prices to be low when you're expanding operations as fast as these guys, but the market's been a bit taken by surprise as to the recent falling off of rates; 5) the high oil price - easyJet are unusual in their policy of not hedging against fuel costs; 6) the apparent delay in getting out an EGM statement which will include a trading update - we're starting to get concerned that it my be weak and 7) market weakness - airlines are what we call "high beta", in other words, they have a high degree of correlation with market movements, sometimes moving far further than the market (eg market goes down 1%, EZJ shares down 2%).
So all the suggestions we've had so far are right!
The only one I think looks wrong is the idea of management getting a guarantee on their share price - are you maybe thinking about the exercise price on their share options? Which IS fixed, but that fixes a price for them to buy those shares at, not sell.
...hmmm .... maybe I haven't helped at all ....
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'southern softy' You wrote:
"the deal includes several elements of eroding easyjet terms and conditions, including a massive reduction in sector pay"
Can we conclude from this that
A. Balpa are suggesting a ballot on a deal favouring easyJet and shafting the pilots?
B. That the new General Secretary is not backing up the pilots?
Please give us some details of the deal that you might vote on. Your post has left us in the dark.
"the deal includes several elements of eroding easyjet terms and conditions, including a massive reduction in sector pay"
Can we conclude from this that
A. Balpa are suggesting a ballot on a deal favouring easyJet and shafting the pilots?
B. That the new General Secretary is not backing up the pilots?
Please give us some details of the deal that you might vote on. Your post has left us in the dark.
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'southern softy' You also wrote:
,,,,,less leave etc
Now, that's not true at all is it? If you think it is true, you haven't read the terms properly have you?
Not quite.
Promoted F/Os get a payrise to 10% below the normal Capt's pay for 6 months.
I don't agree with it by the way but it's not quite what you reported is it?
Why post something like that if not just to enhance your statement.
Don't let any facts get in the way of a good story eh?
,,,,,less leave etc
Now, that's not true at all is it? If you think it is true, you haven't read the terms properly have you?
new captains,(many of whom have been with the company for years) are to takea 10% reduction in pay
Promoted F/Os get a payrise to 10% below the normal Capt's pay for 6 months.
I don't agree with it by the way but it's not quite what you reported is it?
Why post something like that if not just to enhance your statement.
Don't let any facts get in the way of a good story eh?
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Maybe someone could post full details of the Easy deal offered by management?
If the membership is not in agreement with this deal, then as far as I can ever remember the procedure, it votes against acceptance and sends in its servants, the BALPA representatives, to further negotiate.
Don’t be cowed by an opening shot, insist on what you know to be just and in the interests of both the pilot force and the company.
If the membership is not in agreement with this deal, then as far as I can ever remember the procedure, it votes against acceptance and sends in its servants, the BALPA representatives, to further negotiate.
Don’t be cowed by an opening shot, insist on what you know to be just and in the interests of both the pilot force and the company.
Thread Starter
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Yes, the council have recommended an offer to the workforce they represent. However it is now up to the workforce to decide wether to accept or reject the offer. We will be balloted on this offer. Crewroom feeling is one of dissapointment.
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mjenkinsblackdog,
I have to agree. I have heard lots of comments on crew food etc by non-BALPA members. People not in BALPA don't have a say. If you dont like whats been agreed- tough- organise your own contract.
What have the IPA done to help their supporters? Sweet FA i suspect.
Back to the BALPA forum to vote for my rights.
I have to agree. I have heard lots of comments on crew food etc by non-BALPA members. People not in BALPA don't have a say. If you dont like whats been agreed- tough- organise your own contract.
What have the IPA done to help their supporters? Sweet FA i suspect.
Back to the BALPA forum to vote for my rights.
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mjenkinsblackdog
Re: your pithy comments and final imprecation to me of 1 Feb.
If you had cared to properly read my post of 17 Jan you would have noted that I am not currently working in Europe – “I know that it’s real easy (no pun intended) looking in and commentating from a warmer and sandier location but in a former life with a UK employing airline, I was involved, with many others, in a potential strike position similar to your own.” – By deduction, therefore, I could not be a member of the Easy workforce and with similar reasoning, renewal of BALPA membership at this time would have limited appeal and zero advantage to me.
Similar careful reading of my subsequent posts on this thread would have revealed to you my continued exhortation of non-BALPA members of Easy to join post haste and add their support to a worthy cause and voting weight when balloted – “All non-BALPA members of Easy, please, please join at this late hour and become part of a juggernaut that cannot but help win proper treatment from those who now view you all with utter contempt – look at what has just transpired as a result of their fear of even the suggestion of you all coming together!” – 25 Jan.
You say – “you are informed.” – Obviously BALPA membership automatically confers the right of information – I had not thought it necessary to spell this one out.
Your final comment - “Youll (sic) have to wait for the presentations like all other NON MEMBERS.” – places you precisely in the category of willing tool of management’s classic desire to divide and rule you all. Now is not the time to indulge in silly squabbles and childish differentiations. It is a time for unity and the spread of accurate information to both BALPA and non-BALPA employees. When non-members see the paucity of what is on offer and are unhappy about it, the solution will then be obvious to them – join BALPA and vote against the offer. If they are kept in the dark, they’ll never know of the pressing need to join.
My final comment – May I reiterate to the non-BALPA employees of Easy. Please, even at this late hour, consider joining the Association. You will have a say in the current and vital negotiations concerning your own futures and, if you don’t like what the BALPA negotiators bring back to you, reject it through the ballot and send them back to re-negotiate. Do this as many times as required – you’ve paid for this service through your subscriptions. Remember, they are at your behest and you do not do what they tell you – they do what you tell them.
Now is not the time for rugged individualism or some obscure anti-union ideology. Now is the time for unity and collective action in whatever form is appropriate. Do similarly remember that if you do not add your weight at this pivotal time, the only people you will have to blame for a subsequent disaster and an unhappy future will be yourselves.
Re: your pithy comments and final imprecation to me of 1 Feb.
If you had cared to properly read my post of 17 Jan you would have noted that I am not currently working in Europe – “I know that it’s real easy (no pun intended) looking in and commentating from a warmer and sandier location but in a former life with a UK employing airline, I was involved, with many others, in a potential strike position similar to your own.” – By deduction, therefore, I could not be a member of the Easy workforce and with similar reasoning, renewal of BALPA membership at this time would have limited appeal and zero advantage to me.
Similar careful reading of my subsequent posts on this thread would have revealed to you my continued exhortation of non-BALPA members of Easy to join post haste and add their support to a worthy cause and voting weight when balloted – “All non-BALPA members of Easy, please, please join at this late hour and become part of a juggernaut that cannot but help win proper treatment from those who now view you all with utter contempt – look at what has just transpired as a result of their fear of even the suggestion of you all coming together!” – 25 Jan.
You say – “you are informed.” – Obviously BALPA membership automatically confers the right of information – I had not thought it necessary to spell this one out.
Your final comment - “Youll (sic) have to wait for the presentations like all other NON MEMBERS.” – places you precisely in the category of willing tool of management’s classic desire to divide and rule you all. Now is not the time to indulge in silly squabbles and childish differentiations. It is a time for unity and the spread of accurate information to both BALPA and non-BALPA employees. When non-members see the paucity of what is on offer and are unhappy about it, the solution will then be obvious to them – join BALPA and vote against the offer. If they are kept in the dark, they’ll never know of the pressing need to join.
My final comment – May I reiterate to the non-BALPA employees of Easy. Please, even at this late hour, consider joining the Association. You will have a say in the current and vital negotiations concerning your own futures and, if you don’t like what the BALPA negotiators bring back to you, reject it through the ballot and send them back to re-negotiate. Do this as many times as required – you’ve paid for this service through your subscriptions. Remember, they are at your behest and you do not do what they tell you – they do what you tell them.
Now is not the time for rugged individualism or some obscure anti-union ideology. Now is the time for unity and collective action in whatever form is appropriate. Do similarly remember that if you do not add your weight at this pivotal time, the only people you will have to blame for a subsequent disaster and an unhappy future will be yourselves.
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for the comments re my previous post:-
at the time of writing it was proposed we have less leave. in black and white, however this has subsequently changed to the original deal. so flaps 1. It was true at the time of writing.
regarding the new captains deal, you can manipulate the words in whichever way you want, but the cold hard facts are that for the first six months, 10% pay cut on normal captains salary is exactly what it is, this equates to 5% over a 12 month period or 2.5% over 2 years, ie a pay freeze on inflation. Use whatever words you want, the facts however do not change.
Senior First Officers have been well and truly shafted, the pay rise once you take out the £1100.00 that we have to pay for our own food, and £1900.00 reduction in sector pay means the pay rise is a couple of hundred quid. Then when we finally get a command once all the go guys have been sorted out, we get further shafted.
Thanks easyjet and thanks to the Balpa team.The future is a yellow harp.
at the time of writing it was proposed we have less leave. in black and white, however this has subsequently changed to the original deal. so flaps 1. It was true at the time of writing.
regarding the new captains deal, you can manipulate the words in whichever way you want, but the cold hard facts are that for the first six months, 10% pay cut on normal captains salary is exactly what it is, this equates to 5% over a 12 month period or 2.5% over 2 years, ie a pay freeze on inflation. Use whatever words you want, the facts however do not change.
Senior First Officers have been well and truly shafted, the pay rise once you take out the £1100.00 that we have to pay for our own food, and £1900.00 reduction in sector pay means the pay rise is a couple of hundred quid. Then when we finally get a command once all the go guys have been sorted out, we get further shafted.
Thanks easyjet and thanks to the Balpa team.The future is a yellow harp.