AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.10 Increased By ▲ 0.06 (0.05%)
BOP 6.66 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.60 Increased By ▲ 0.16 (0.39%)
DGKC 86.63 Decreased By ▼ -0.22 (-0.25%)
FCCL 32.47 Increased By ▲ 0.19 (0.59%)
FFBL 64.75 Decreased By ▼ -0.05 (-0.08%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.50 Decreased By ▼ -0.07 (-0.06%)
HUMNL 14.40 Decreased By ▼ -0.28 (-1.91%)
KEL 5.06 Increased By ▲ 0.01 (0.2%)
KOSM 7.45 Decreased By ▼ -0.01 (-0.13%)
MLCF 41.35 Decreased By ▼ -0.03 (-0.07%)
NBP 60.26 Decreased By ▼ -0.15 (-0.25%)
OGDC 189.85 Decreased By ▼ -0.25 (-0.13%)
PAEL 27.73 Decreased By ▼ -0.10 (-0.36%)
PIBTL 7.82 Decreased By ▼ -0.01 (-0.13%)
PPL 149.50 Decreased By ▼ -0.56 (-0.37%)
PRL 26.80 Decreased By ▼ -0.08 (-0.3%)
PTC 16.00 Decreased By ▼ -0.07 (-0.44%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.68 Decreased By ▼ -0.03 (-0.39%)
TOMCL 35.36 Decreased By ▼ -0.05 (-0.14%)
TPLP 8.14 Increased By ▲ 0.02 (0.25%)
TREET 16.26 Decreased By ▼ -0.15 (-0.91%)
TRG 53.10 Decreased By ▼ -0.19 (-0.36%)
UNITY 26.20 Increased By ▲ 0.04 (0.15%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,992 Increased By 108 (1.09%)
BR30 31,159 Increased By 558.7 (1.83%)
KSE100 94,104 Increased By 748.7 (0.8%)
KSE30 29,152 Increased By 220.6 (0.76%)

In a sign of the worsening impact of the global slump on Asias aviation industry, pilots with a Hong Kong airline said Monday they had been fired for not accepting drastic pay cuts.The pilots - four first officers and five captains - say they were sacked by Hong Kong Airlines after declining new contracts that cut their basic salaries to as little as 2,250 US dollars a month.
A spokesman for the airline, which employed 52 pilots before the sackings, confirmed the dismissals but denied they were connected to the new contracts. He declined to say why the pilots had been sacked. However, the move comes amid severe cost-cutting at the start-up airline, which operates Boeing 737 aircraft on regional flights. Earlier this year it asked all cockpit crew to take a weeks unpaid leave.
The new contract cuts basic salaries for first officers to between 17,500 Hong Kong dollars (2,258 US dollars) and 22,500 Hong Kong dollars a month and for captains from 30,000 Hong Kong dollars to 40,000 Hong Kong dollars, according to a copy seen by the German News Agency dpa.
In addition to their basic pay, all pilots receive a monthly market-based adjustment lump sum of 10,000 Hong Kong dollars and a possible bonus based on monthly flying hours of up to 1,000 Hong Kong dollars. According to one of the sacked pilots, basic monthly pay for captains previously ranged from 65,000 to 75,000 Hong Kong dollars and 40,000 to 45,000 for first officers. "We declined to sign the new contract and wrote to the management saying we wished to stay on our present contracts," the pilot said.

Copyright Deutsche Presse-Agentur, 2009

Comments

Comments are closed.