Congratulations on the Payrise (Paycut)
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Congratulations on the Payrise (Paycut)
Salary will go up 3.3%, and this is across all CX! Well done to all those who were resilient and met their productivity targets! Speaking of productivity targets, we have also increased your Minimum productivity hours that in essence gives you (and saves the company) a 10% paycut. Effectively nullifying your pay rise three-fold.
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Just keep in mind that inflation in HK was sitting on 4.4% in September. This is before the slight fudging of figures. The reality is that this is another step that accelerated the departure of talent to other airlines. Most are just waiting for that DOJ to say 拜拜.
Oasis, I'm surprised that you omitted to mention Turkey 36% Argentina 51% Zimbabwe 60% inflation as these rates are equally irrelevant to Hong Kong as is your (misquoted ) worldwide inflation rate of 10%.
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Back to Wanchai VOCH, you have proven your irrelevance.
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It doesn't matter if Hong Kong magically escapes this inflation (it won't, look at the energy prices about to go up), if it means you have to work 2 extra years to retire in your home country, it is definitely relevant.
And even the developed world is facing inflation of at least 10% in the next few months. So not sure where you’re getting your stats from.
Did i mention that the inflation was less than 10% Menelaus ?
My point being that few major employers can afford pay increases equal to the inflation rates being experienced across many continents.
You may have read that half of UK workforce will be on strike prior to Christmas asking for ridiculously high and unaffordable pay increases which will achieve nothing positive as employers cannot afford to pay.
The reason why you diehard Cathay haters post the nonsense that you do has in my opinion little or nothing to do with pay or much else and much and more to do with venting your frustrations and unbridled dislike for Cathay and the fact that the airline is rebuilding fast ,living within its means, expanding and employing thousands.
Our youngest boy finishes school next year is then going to flight school, then to university and if all goes will intends on to fly for the airline. This without a shred of encouragement from us in fact the opposite with the insistence on a university degree being ours. He is just one of 3 HK born to expats in his year intending to fly for Cathay.
I mention this as only to illustrate that it is very unlikely that Cathay will experience a pilot shortage going forward local or otherwise
My point being that few major employers can afford pay increases equal to the inflation rates being experienced across many continents.
You may have read that half of UK workforce will be on strike prior to Christmas asking for ridiculously high and unaffordable pay increases which will achieve nothing positive as employers cannot afford to pay.
The reason why you diehard Cathay haters post the nonsense that you do has in my opinion little or nothing to do with pay or much else and much and more to do with venting your frustrations and unbridled dislike for Cathay and the fact that the airline is rebuilding fast ,living within its means, expanding and employing thousands.
Our youngest boy finishes school next year is then going to flight school, then to university and if all goes will intends on to fly for the airline. This without a shred of encouragement from us in fact the opposite with the insistence on a university degree being ours. He is just one of 3 HK born to expats in his year intending to fly for Cathay.
I mention this as only to illustrate that it is very unlikely that Cathay will experience a pilot shortage going forward local or otherwise
A recent CX capacity update said the "Group" is on track to achieve one-third of its pre-pandemic passenger capacity by the end of 2022. The Group anticipates 70% by the end of 2023 and is aiming for 100% by the end of 2024. Meanwhile, Singapore Airlines is already back at 77% of its pre-pandemic passenger capacity and has been operating at over 50% all year. CX "rebuilding fast"? Hmmm......
https://www.cathaypacific.com/conten...-update_en.pdf
https://www.singaporeair.com/saar5/p...tats-oct22.pdf
https://www.singaporeair.com/saar5/p...tats-jan20.pdf
https://www.cathaypacific.com/conten...-update_en.pdf
https://www.singaporeair.com/saar5/p...tats-oct22.pdf
https://www.singaporeair.com/saar5/p...tats-jan20.pdf
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Did i mention that the inflation was less than 10% Menelaus ?
My point being that few major employers can afford pay increases equal to the inflation rates being experienced across many continents.
You may have read that half of UK workforce will be on strike prior to Christmas asking for ridiculously high and unaffordable pay increases which will achieve nothing positive as employers cannot afford to pay.
The reason why you diehard Cathay haters post the nonsense that you do has in my opinion little or nothing to do with pay or much else and much and more to do with venting your frustrations and unbridled dislike for Cathay and the fact that the airline is rebuilding fast ,living within its means, expanding and employing thousands.
Our youngest boy finishes school next year is then going to flight school, then to university and if all goes will intends on to fly for the airline. This without a shred of encouragement from us in fact the opposite with the insistence on a university degree being ours. He is just one of 3 HK born to expats in his year intending to fly for Cathay.
I mention this as only to illustrate that it is very unlikely that Cathay will experience a pilot shortage going forward local or otherwise
My point being that few major employers can afford pay increases equal to the inflation rates being experienced across many continents.
You may have read that half of UK workforce will be on strike prior to Christmas asking for ridiculously high and unaffordable pay increases which will achieve nothing positive as employers cannot afford to pay.
The reason why you diehard Cathay haters post the nonsense that you do has in my opinion little or nothing to do with pay or much else and much and more to do with venting your frustrations and unbridled dislike for Cathay and the fact that the airline is rebuilding fast ,living within its means, expanding and employing thousands.
Our youngest boy finishes school next year is then going to flight school, then to university and if all goes will intends on to fly for the airline. This without a shred of encouragement from us in fact the opposite with the insistence on a university degree being ours. He is just one of 3 HK born to expats in his year intending to fly for Cathay.
I mention this as only to illustrate that it is very unlikely that Cathay will experience a pilot shortage going forward local or otherwise
okay, a 17 year old wants to be a pilot. This is also the dream for many young people but if he thinks it’s a viable career then that’s where you as a parent failed. Pay at CX is trailing experience and will get worse and worse as time marches on, for example, 10 years working for CX, a person will be an FO2 which is approximately x1.5 the pay of an SO which, accounting for inflation is still not that much (Excluding pilot allowance). Whereas a lawyer, finance or an IT professional working their way through their chosen career will be making a lot more in 10 years than what a CX pilot makes.
Example: Friend joined HSBC in financial planning at the same time I joined CX. He started on approximately $50k per month, he now has a team working for him and pulls in $200k per month.
Being a pilot is no longer a “lucrative” career and very limited earning potential and the inability to negotiate his own terms and remuneration. When your child realises that, it might be too late to start over again.
Last edited by Babyjet_dododo; 25th Nov 2022 at 05:39.
Remind me please BuzzBox how long is it now that Singapore Airlines has enjoyed an environment free of any pandemic restrictions ? Still they have you say only recovered to 77% capacity.........is it not taking them a rather long time ?
I say again that Cathay is rebuilding fast given the restrictions imposed on it. I booked down to Sydney in Feb and noticed 3 flights a day available again.
From what I read your local international airline seem unlikely to to have much available capacity at all shortly given that I read 90% of cabin crew look to have voted to strike over Christmas.
I say again that Cathay is rebuilding fast given the restrictions imposed on it. I booked down to Sydney in Feb and noticed 3 flights a day available again.
From what I read your local international airline seem unlikely to to have much available capacity at all shortly given that I read 90% of cabin crew look to have voted to strike over Christmas.
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veryoldchinahand “Our youngest boy finishes school next year is then going to flight school, then to university and if all goes will intends on to fly for the airline.”
Sounds like a no brainer, dad paying, guaranteed job with CX and a few forms to fill in.
Hope his addiction to Kool-aid doesn’t stuff up his initial class one.
Sounds like a no brainer, dad paying, guaranteed job with CX and a few forms to fill in.
Hope his addiction to Kool-aid doesn’t stuff up his initial class one.
No cool -aid (whatever that is) and no guaranteed job +plenty of forms. The lad will need to find his own way (and has been working part time for the past 2 years to pay for the lessons and will need to pay me back for the balance) if he even gets in.
Not a pleasant post- get a life.
Not a pleasant post- get a life.
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A recent CX capacity update said the "Group" is on track to achieve one-third of its pre-pandemic passenger capacity by the end of 2022. The Group anticipates 70% by the end of 2023 and is aiming for 100% by the end of 2024. Meanwhile, Singapore Airlines is already back at 77% of its pre-pandemic passenger capacity and has been operating at over 50% all year. CX "rebuilding fast"? Hmmm......
https://www.cathaypacific.com/conten...-update_en.pdf
https://www.singaporeair.com/saar5/p...tats-oct22.pdf
https://www.singaporeair.com/saar5/p...tats-jan20.pdf
https://www.cathaypacific.com/conten...-update_en.pdf
https://www.singaporeair.com/saar5/p...tats-oct22.pdf
https://www.singaporeair.com/saar5/p...tats-jan20.pdf
Remind me please BuzzBox how long is it now that Singapore Airlines has enjoyed an environment free of any pandemic restrictions ? Still they have you say only recovered to 77% capacity.........is it not taking them a rather long time ?
I say again that Cathay is rebuilding fast given the restrictions imposed on it. I booked down to Sydney in Feb and noticed 3 flights a day available again.
From what I read your local international airline seem unlikely to to have much available capacity at all shortly given that I read 90% of cabin crew look to have voted to strike over Christmas.
I say again that Cathay is rebuilding fast given the restrictions imposed on it. I booked down to Sydney in Feb and noticed 3 flights a day available again.
From what I read your local international airline seem unlikely to to have much available capacity at all shortly given that I read 90% of cabin crew look to have voted to strike over Christmas.
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Salary will go up 3.3%, and this is across all CX! Well done to all those who were resilient and met their productivity targets! Speaking of productivity targets, we have also increased your Minimum productivity hours that in essence gives you (and saves the company) a 10% paycut. Effectively nullifying your pay rise three-fold.
It all sounds like a sales job to me, like you make a base salary + commission. So if I don't meet the minimum productivity hours, I won't get paid? I don't understand
I work for a bank now, 5 days a week, 8 hours a day, I get paid a full salary and we don't' have minimum productivity hours this kind of thing. Anyone can help?