Monarch in turbulence
I REALLY SHOULDN'T BE HERE
Joined: Dec 2005
Posts: 2,458
Likes: 551
From: TOD
I would forsee a lot of interest from the Competition and Markets Authority if that would come to pass due to the dominant position held already at LGW and LTN. Just to give some perspective: if LGW's second largest airline took all of MON's slots (which it won't), LGW's largest airline would still hold a far greater number of slots.
Joined: Feb 2006
Posts: 89
Likes: 0
From: Hostage to geographical fortune.
But if monarch are laying off 200 odd pilots as rumours on here have said if they have sold an airframe to jet2 then why not provide the crew to operate it as part of the deal.
Last edited by cvg2iln; 8th September 2014 at 01:54.
Joined: May 2001
Posts: 10,804
Likes: 1
its is a minefield.
And your going to have to induct them anyway.
And as the market is going to be flush with current drivers there is no point in taking them with the airframe. Might as well spend a day interviewing and start with a blank sheet of paper when they walk in the door.
And as DEC's are fraught with political and other issues they may want to upgrade there own and only take FO's.
And your going to have to induct them anyway.
And as the market is going to be flush with current drivers there is no point in taking them with the airframe. Might as well spend a day interviewing and start with a blank sheet of paper when they walk in the door.
And as DEC's are fraught with political and other issues they may want to upgrade there own and only take FO's.
Joined: Oct 2003
Posts: 267
Likes: 2
From: London
If we are talking 757 nearly all FO's will have choice to stay as they have the seniority. Question is would they stay at Monarch or move to Jet 2. In terms of our new T's and C's they are similar to Jet 2 so may decide to stay. I think a load of pilots are about to leave Monarch for newer pastures but you will not see them go to Jet 2.
Ut Sementem Feeceris
Joined: Jul 1999
Aviation Qualifications: ATPL
Posts: 4,793
Likes: 2,317
From: UK
What about the Pension? What about those that have done 10, 20, 30 years and are coming up for retirement. If you've contributed/saved/done the "right" thing - to have your retirement plans decimated is nothing short of evil. With the fund in deficit and finances on the rack - my heart goes out to those affected 
Joined: Apr 2002
Posts: 1,052
Likes: 8
From: Put out to graze
Keep hearing about these vastly reduced terms and conditions at Monarch but does anyone want to give a break down of the new compared to old for those of us who don't know?
Joined: Jul 2001
Posts: 142
Likes: 0
From: LGW
so, in a nut shell, (much larger numbers granted, ) but pretty much what the TCX guys were told eighteen or so months ago. If you ask most of them now, they would probably agree they were "had"! Maybe Monarch management were watching that unfold and liked what they saw?
Joined: Mar 2008
Posts: 330
Likes: 0
From: UK
For clarity the TCX pilots were not asked to take a 30% paycut. They were asked (balloted) to take a 3% one. The company was also (by their calculation) captain-heavy so they imposed some demotions (roughly 25-30 initially) - some of these guys were then looking at a 30% pay but (CP to SFO).
Joined: Mar 1999
Posts: 991
Likes: 128
From: big green wheely bin
If the mods want to delete this feel free, this was the text I was sent. No idea if its true or not:
Monarch's new T&C's. Increments gone. Capt on £89k. FO £53k. Everybody forced to work 50% winter and paid accordingly. No DOP. No Duty pay. No PHI. No scheduling agreement at all. Working to EASA. Final salary pension for under 55's removed and whatever you have put in it lost. 7% max pension contributions. 1 week of leave in the summer!!
Monarch's new T&C's. Increments gone. Capt on £89k. FO £53k. Everybody forced to work 50% winter and paid accordingly. No DOP. No Duty pay. No PHI. No scheduling agreement at all. Working to EASA. Final salary pension for under 55's removed and whatever you have put in it lost. 7% max pension contributions. 1 week of leave in the summer!!
Joined: Apr 2001
Posts: 35
Likes: 0
From: Terra Firma
PHI = Permanent Health Insurance
DOP I think is payment for working a Day Off
Don't think they can simply remove benefits built up under a final salary pension, the Trustees are in control. But if there's a substantial deficit the benefits could well be reduced.
DOP I think is payment for working a Day Off
Don't think they can simply remove benefits built up under a final salary pension, the Trustees are in control. But if there's a substantial deficit the benefits could well be reduced.
