Originally Posted by
brunos
Housing package might well be viewed psychologically as part of salary, but realities of a changing world have to be taken into account. Housing packages have basically disappeared in the finance industry and most companies in Hong Kong within the past ten years. Nobody liked to see it disappeared but it did. Why would CX be different.
Why would all the staff suffer but pilots be privileged by conditions totally outdated.
Sure, we going to hear again that they will leave en masse. But they fully realize that they are quite privileged and won't get better package elsewhere. Not with Hong Kong airlines. Not with fast-growing Asian LCCs. Maybe with the ME3 if they accept to work harder and be based ... the Chinese-speaking pilots could move to China, but few seem tempted and tax situation can be heavy.
The real threat is industrial action. A leverage that no other CX employee really has. But please don't say that there is any other motivation behind it than defend anachronic private benefits . It has nothing to do with the public good, the good of pax or other employees.
were housing packages retrospectively taken away in banking / finance? I certainly know that it is unlikely for a new hire to get a package (though some still do) - but i haven't heard of a case where it was suddenly taken away with a unilateral revision to an existing contract. indeed when it was written into my contract before at a previous employer - i never saw any clause that said it could be removed at will.