SYDNEY: Hong Kong's Cathay Pacific Airways' decision to force pilots permanently onto lower-paid contracts or risk losing their jobs is"draconian" and"short-sighted", the head of the union representing them said on Friday .
At rival Singapore Airlines, pilots have agreed to pay cuts, including up to 28.5 per cent for most captains and up to 18.5 per cent for most first officers through Mar 31, 2022 to avoid more job losses."The vast majority are tied to a waypoint such as a point in time or profitability," Hong Kong Aircrew Officers Association General Secretary Chris Beebe said in an interview. At Cathay, he said, the cuts are"completely open-ended and perpetual".
The new contracts, similar to those for new hires since 2018, also offer pay based more on flying hours than previously, leading to far lower salaries in periods where the airline is largely idle.The degree of pay cut depends on which older contract the pilot was on, with one Cathay pilot telling Reuters on condition of anonymity that he expected a reduction of about 40 per cent.
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