Corporate Layoffs?

Discussion of topics related to corporate aviation throughout the world.

Moderators: Sulako, lilfssister, North Shore, ahramin, sky's the limit, sepia

AirSprint HR
Rank 3
Rank 3
Posts: 176
Joined: Thu Mar 22, 2007 8:15 pm

Re: Corporate Layoffs?

Post by AirSprint HR »

[/quote]

As an update, the last 3 months has seen a steady improvement in flying and several new clients. All of AirSprint's employees who were on a temporary layoff are now back and in June the salary reduction was amended from 35% to 20% with back pay for the difference from when it was first implemented in May. The Canadian quarantine is still holding back flying from traditional norms so I would not say that we are back to normal, but there has been significant improvement over the last few months. AirSprint will likely be in a position to hire pilots and non-flying positions in the near future.

Stay safe all.

James
[/quote]

New update. Flying continues to rebound and AirSprint has now amended the salary reduction to 10% with back pay for the difference from when it was first reduced on May 1st. We will be hiring in the near future for 1 pilot, 1 apprentice AME, and a few operations positions, with more hiring expected in the fall. For the remainder of 2020 we will likely be hiring between 5 and 12 pilots.

Take care.

James
---------- ADS -----------
 
Broker
Rank 1
Rank 1
Posts: 36
Joined: Sat Mar 18, 2017 7:52 am

Re: Corporate Layoffs?

Post by Broker »

CIBC just let a pilot and mechanic go.
---------- ADS -----------
 
WCJetPilot
Rank 0
Rank 0
Posts: 4
Joined: Tue Oct 01, 2019 3:47 pm

Re: Corporate Layoffs?

Post by WCJetPilot »

Moved the aircraft to another management company too...
---------- ADS -----------
 
SpyPilot
Rank 1
Rank 1
Posts: 15
Joined: Tue Nov 29, 2011 5:48 pm

Re: Corporate Layoffs?

Post by SpyPilot »

Wonder how much the salary of the shit canned pilot and engineer added to the Third Quarter $1.17 Billion Dollar earnings of poor, poor CIBC?
---------- ADS -----------
 
Broker
Rank 1
Rank 1
Posts: 36
Joined: Sat Mar 18, 2017 7:52 am

Re: Corporate Layoffs?

Post by Broker »

It really speaks volumes about management. Banks should be the last to let people go. Especially being their CEO had the commercials about "We're here to help" early in the pandemic.
---------- ADS -----------
 
Air.Field
Rank 3
Rank 3
Posts: 137
Joined: Mon Jan 23, 2017 5:52 am

Re: Corporate Layoffs?

Post by Air.Field »

ah but they cut him off, what he really said was, "We're here to help you, make us money".
---------- ADS -----------
 
Post Reply

Return to “Corporate”