On a separate note, re-elected union president Nigel Demery has vowed to increase industrial action from the current work-to-rule campaign, after being returned to the leadership with just under 66% support from votes casted (the remainder going to candidates who favoured a more conciliatory approach).
Undoubtedly the $1.4 billion profit will do nothing to calm the situation between the pilots and the company. Demery has not specified what type of action the pilots will take, except that it will not be the same maximum safety strategy adopted last year. He says that he will make one last approach to the company before a meeting on October 9.
Cathay Pacific Director Corporate Development Tony Tyler repeats that the company will not negotiate under threat of industrial action and that the airline will "move heaven and earth" if the pilots disrupt operations.
Cx flyboy From Hong Kong, joined Dec 1999, 6642 posts, RR: 55
Reply 3, posted (12 years 4 months 3 weeks 3 days 1 hour ago) and read 2203 times:
Never trust the speculation that comes before the results announcement, especially at Cathay!!! Management have been downplaying any possibility of profits and every Friday when we get our weekly staff news summary it's always doom and gloom, as it keeps employees in check. In fact I am surprise that they didn't find some way of diverting the profits so that they wouldn't be declared.. or maybe that's just me being cynical!
CXCPA From Hong Kong, joined May 2000, 387 posts, RR: 0
Reply 6, posted (12 years 4 months 3 weeks 2 days 21 hours ago) and read 2158 times:
Do anyone know why CX earn so much?? It is because people do not want to travel by American carriers after September 11, so CX have much business and American carriers lost much business! Checking employees is usual. The management can use these information to decide who can promote, who should be fired. But some naive employees do not know about this, they try to use these checkings as an excuse to demand something unrealistic (e.g pay rise)in the economy downturn....
So CX may....
No salary reduction or job lost is lucky!!!
Hopefully(or unfortunately), CX can sacks such naive employees because they can find replacement from bankrupted airlines. UAL may bankrupt soon. Those naive employees should stop dreaming now.
If some CX emplyees think that they cannot get something reasonble and/or CX management are poor, they should change their employers or operate a company themselves! They should not do something disgusting to achieve their demand....
Hkg82 From Hong Kong, joined Apr 2002, 1323 posts, RR: 1
Reply 8, posted (12 years 4 months 3 weeks 2 days 15 hours ago) and read 2130 times:
This is great news for CX & the second half should perform very well too. They've been adding capacity & increasing flight frequencies to key destinations such as LHR, LAX, BKK & AKL. The only thing worrying me is the pilots dispute, they are set to intensify the industrial action in the coming months & the union has issued a warning to CX that it will disrupt the schedule & severely affect passengers. Why oh why can't they just solve it once and for all?!
B-HXB From New Zealand, joined Jan 2001, 745 posts, RR: 0
Reply 9, posted (12 years 4 months 3 weeks 2 days 4 hours ago) and read 2099 times:
Re: the pilots' dispute. It doesn't actually help that neither group can seem to agree on what they are arguing over. Reading the South China Morning Post, the articles simply refer to the 'long running dispute' with no mention of what is actually the dispute!
If I remember rightly, the union wanted some change to rostering but CX claimed that the dispute was over pay. The strange thing was after CX fired those 51 pilots they gave the remainder a pay rise of about 4 - 9%. So if this is true, then shouldn't the solution be simple? CX pilots can accept a pay cut in return for the company making the requested changes to rostering. Thus CX will recoup any additional costs involved in adjusting the rostering and the pilots get what they want.
Of course this is a very simple view but as far as I have read in the media, this is what the dispute essentially boils down to.
Lutfi From China, joined Sep 2000, 780 posts, RR: 0
Reply 10, posted (12 years 4 months 3 weeks 2 days 4 hours ago) and read 2094 times:
The dispute was originally about rostering. However, in May 2001 the AOA withdrew from roster talks, and demanded pay, rostering and benefits talks.
The talks dragged on. CX management offered a “final” deal (about 4-9% pay increase, some improvement on rostering). However, this was a long way short of what the AOA wanted, so they went on LIA.
Cathay imposed the pay and roster deal anyway, and fired a bunch of pilots. Then they said that they won’t talk to the AOA while the AOA is still trying to hurt the company.
The AOA now mostly wants to get the fired pilots their jobs back, because the president of the AOA promised (before all this started) that there would be no deal until anyone fired during the dispute was reinstated.