Cathay Pacific
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Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 3:54 pm

Cathay Pacific announces staff payments

Cathay Pacific Airways today informed staff that, after a particularly difficult year for the Company and Hong Kong, the Company will pay every eligible Hong Kong-based employee a discretionary year-end bonus of half a month's salary or HK$7,500, whichever amount is the greater.

In addition, the Company will pay a special ex gratia amount to all employees who agreed to assist the Company earlier this year by means of joining the Special Leave Scheme. This payment, made in appreciation of the support given to the Company, will be approximately equivalent to the amount forgone by virtue of joining the scheme, up to a maximum of approximately three weeks' salary.

Source from CathayPacific.com

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That's excellent news!!!

During such difficult times they didn't lay off any staff and now they are repaying staff for their support and loyalty, well done CX!!!  Big thumbs up Big thumbs up Big thumbs up Big thumbs up Big thumbs up
cathay pacific, now you're really flying
 
Airbus Lover
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 4:36 pm

This is GREAT news! Nowonder they are able to keep such good relationships between their employees and management. I only know that some of their pilots have clashes with the management, most others in the company are relatively happy. A contrast of their biggest rival in the same region.

Do correct me if i'm wrong though  Smile/happy/getting dizzy
 
MD-11 forever
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 4:46 pm

AirbusLover, are you talking about the de-facto flag carrier of a country located just south of yours, which is a proud member of Star Alliance, the network for earth?

Back to topic, indeed this move gives me some hope that there are a few companies left that appreciate the efforts of their staff!

Cheers, Thomas
 
Singapore 777
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 4:53 pm

Ahh...but Airbus Lover, you got to realise, although CX and its biggest rival are in the same region, you will find that their management teams are made up of different kinds of people - one western and one, generally eastern people. I don't think I have to tell you which is which.

It has to do with the eastern culture. Some eastern management personnel cannot handle the amount of authority that is given to them (they seem to think it's a god-given thing) so they tend to exert these, sometimes without reason to do so. It obviously irks their staff when they do that.

And then there's this issue of "face". Now I know someone mentioned in another thread that the management will not take feedback from the staff - this is one of the reasons why.

Not forgetting that its nearest rival is an extremely pragmatic company, cash is extremely important. Why in the world would they waste money rewarding their staff (to put it crudely)? The management in this company also thinks that loyalty is not important, evident by the way it treats its staff. Because of its excellent brand standing, it also thinks that staff are dispensible. After all, if one goes, another can be easily found to replace.

Well, all that was in the past. The future will not be the same. With the advent of information technology, people will soon find that this may not be a good company to work for. The information is more easily available and it may not be a good thing for this company.

In short, I'd put it to the two different mindsets. Please do feel free to correct me should I have made any mistakes in this post. Thanks!  Smile
 
Airbus Lover
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 5:10 pm

Hmm which do you think is a better and healthier company? One with lots of happy employees willing to work their best for the company and stays with the company in hard times and in turn they are rewarded well at the right time?

Or the other company where management and employee relations are not at its best??? Well sure they are working, they just might not be working happily and willingly. Once the chance comes, they are ready to "flee" their current job for better conditions.

That defacto carrier just south of us (oh yes i am indeed talking about it.. Big grin) sure gives better salary, benefits and bonuses than our national carrier pays out for positions such as pilots, engineers and mechanics. But generally the people here are working in an environment they find comfortable and in harmony. They enjoy their job more. There are always exception, but in propotion for comparison, we know it is obvious. Other people "here" that I have spoken with, especially after the successful restructure, are indeed very proud of the company. Of course there are always hopes of better pays, better conditions and more bonuses. But I don't think, even if offered slightly better benefits, that most of the ppl here would leave their current job. It has been mentioned by many ppl in this company.

I believe in part of a success of a company, Management->Employee relationship has to be strong! Whether or not eastern or western, I think we know which is a better system in the direction of prosper in the long term!

Oh BTW, MD11, yah you're correct  Laugh out loud

[Edited 2003-11-21 09:14:31]
 
Singapore 777
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 5:41 pm

Airbus Lover, you know what my answer is going to be... :P

Obviously the company where employees are happy in will function better. I imagine the south company to be an injured animal, who had gained a substantial lead over the others but is now staggering along. Soon, the other "uninjured" animals will start catching up.
 
Airbus Lover
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 5:43 pm

http://www.airliners.net/discussions/general_aviation/read.main/1272090/

Well, maybe there might be some developments in this issue and perhaps might bring improvements!  Big grin
 
9V-SPK
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 6:48 pm

Well done CX, even though not everything has been back on track but rewarding would definetely boost the morale. I do hope SQ would also do the same thing, especially they're expecting a proft making in the coming financial year.

Well sure they are working, they just might not be working happily and willingly. Once the chance comes, they are ready to "flee" their current job for better conditions.

After yesterday's flight talking with the crew and so, I can assure you that this statement is totally wrong. Although SQ management is not the best, but they have the best staff in the world, along with some that have been loyal to the company for a long long time. Well it might be my luck that I've been always meeting happy staff in SQ. Who said they are ready to flee their current job? I just hope people will always stop comparing again and again.


I imagine the south company to be an injured animal

Yes, but with some of the best staff in the world they would recover quicker than ever.


 
Airbus_A340
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 6:53 pm

Good on CX, well done to the staff they deserve it.

Perhaps SQ will do the same after announcing the profits they made? I know a Dragonair pilot who left SQ because of the way the management ran things. I'm sure this is just an isolated case, but he was serious in saying they had to change a few things. This was a while ago, so I can't really give you specifics.
People. They make an airline. www.cathaypacific.com
 
tsentsan
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 7:00 pm

This is a company that cares for its staff repaying its staff dedication with at least some form of compensation. This is so unlike some other Asian company (hint its code is SQ) which refuses to even reinstate pilot's pay cut after announcing good profits.
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Airbus Lover
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RE: Cathay Pacific Announces Staff Payments

Fri Nov 21, 2003 7:03 pm

Well, what should explain for the reason more and more SQ pilots are leaving? And even MI pilots up to a certain degree??

Yes I never said their staff was bad... They would of course continue to perform their job... but when faced with negotiations with management, many are definitely not in a plesant mood... The very recent meetings they had was plagued with problems, losing of benefits and privileges and uncertainties, of which I shall not elaborate further.

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