North Cariboo Layoffs

[leftoftrack]

Last I checked, gold was still below $1300/oz.

thats a U.S. dollar figure. With a dollar around .80 that puts the value of an oz to just under $1650

I do see that. However, gold has been steady around 1300USD (with the odd flux higher or lower) for the better part of 1.5 years while the CAD has been steadily trucking downward to a 20% decline in the same time period. So no real increase in the price of gold, just a comparable increase through reduced costs. Though for commodity producers in general, operating costs tend to affect the bottom line one-to-one while price changes are more a two-to-one affair.

But you're right, I definitely wouldn't be complaining about lowering my operating costs 20% without having had to do anything.

You seem confused here's a chart

http://www.goldpriceoz.com/gold-price-canada/

[iSight]

thats a U.S. dollar figure. With a dollar around .80 that puts the value of an oz to just under $1650

I do see that. However, gold has been steady around 1300USD (with the odd flux higher or lower) for the better part of 1.5 years while the CAD has been steadily trucking downward to a 20% decline in the same time period. So no real increase in the price of gold, just a comparable increase through reduced costs. Though for commodity producers in general, operating costs tend to affect the bottom line one-to-one while price changes are more a two-to-one affair.

But you're right, I definitely wouldn't be complaining about lowering my operating costs 20% without having had to do anything.

You seem confused here's a chart

http://www.goldpriceoz.com/gold-price-canada/

I can read the chart. Hmmm, it says $1565CAD.... you're right, that's exactly $1650CAD like you said...oh wait.... The story isn't as simple as the chart makes it out to be.

Hers an article for you http://mobile.reuters.com/article/idUSL ... 0?irpc=932. It's a couple months old but should explain what I was trying to say regarding the effect of currency changes vs actual commodity price changes in the denomination that the commodity is based.

Anyway, I'm not an economist but I can see where this thread is going.

Cheers

[leftoftrack]

thats a U.S. dollar figure. With a dollar around .80 that puts the value of an oz to just under $1650

I do see that. However, gold has been steady around 1300USD (with the odd flux higher or lower) for the better part of 1.5 years while the CAD has been steadily trucking downward to a 20% decline in the same time period. So no real increase in the price of gold, just a comparable increase through reduced costs. Though for commodity producers in general, operating costs tend to affect the bottom line one-to-one while price changes are more a two-to-one affair.

But you're right, I definitely wouldn't be complaining about lowering my operating costs 20% without having had to do anything.

You seem confused here's a chart

http://www.goldpriceoz.com/gold-price-canada/

I can read the chart. Hmmm, it says $1565CAD.... you're right, that's exactly $1650CAD like you said...oh wait.... The story isn't as simple as the chart makes it out to be.

Hers an article for you http://mobile.reuters.com/article/idUSL ... 0?irpc=932. It's a couple months old but should explain what I was trying to say regarding the effect of currency changes vs actual commodity price changes in the denomination that the commodity is based.

Anyway, I'm not an economist but I can see where this thread is going.

Cheers

Down from 1600 yesterday an worth more than that last week, funny thing about the market is it changes. Pretty sure the article says what I'm saying producers are getting a better price at a lower cost.

Either way, does someone have a picture of the $500 000.00 BBQ and can they confirm that one of the owners got locked into the BBQ for a day

[MUSKEG]

That 500 thou price you've attached to that BBQ is grossly inflated. That is a fact.

[LousyFisherman]

Guys, the oil patch has been through this before :1982, 1986, 1992,1998,2008. It's called a chance to take holidays.

Of course, all the experts, who did not predict the oil price drop, know far more than the people who have experienced it multiple times in their career. Of course the oil industry is run by a bunch of idiots, if they couldn't get a job in aviation they must be idiots, wait did I say that correctly

Unless the price stays below $50 for over a year all that will happen is a lot of dead wood (Pennwest for example) will get cleaned out, and that needs to happen.

IMHO
LF

[flaps78]

Lousyfisherman

"Guys, the oil patch has been through this before :1982, 1986, 1992,1998,2008. It's called a chance to take holidays"

You are correct about the "oil industry roller coaster". Don't forget 1970 (Benson's White paper) and 1978 (Thomas Berger Report) and the results. I rode the roller coaster for 20 years.

To the staff at NCA, I wish you all the best in your future endeavours.

Regards,

Flaps78

[Flybabe]

Either way, does someone have a picture of the $500 000.00 BBQ and can they confirm that one of the owners got locked into the BBQ for a day

https://www.flickr.com/photos/diffuse/8976159225/

And, yes. Don't think it was for a day, though.

[leftoftrack]

That 500 thou price you've attached to that BBQ is grossly inflated. That is a fact.

Ok how much did the $500 000.00 BBQ cost and how many more pilots could pay their march rent if they didnt buy it.

Did the remaining employees loose all their medical benifits and RRSP matching?

[plhought]

Medical benefits? Haven't heard about losing that.

No RRSP matching for now.

[boxcut]

Doesn't this belong in "General Airline Industry Comments"?

[brownbear]

This is sad for NCA and unfortunate.

I would have thought there was a contract with the companies they grew to support with travel. Something with fixed terms. You go out and buy several million dollar aircraft and the rug gets pulled out there you are holding your $%&#.

What I don't understand is oil (or the stock market in general) it doesn't follow the supply and demand basic laws. When oil was over priced we were consuming the same amount, then it's slashed in priced, we are still consuming the same amount and growing daily. Our demand is the same, so if the price is this dramatically lowered then there is a surplus. Or its all fake BS.

It was artificially high, and it will go up again as we are still needing oil.

[brownbear]

Shit like the BBQ is an unfortunate waste of money. That would not happen at CMA. They understand lean times and know all too well that the industry goes up and down after years of being pinched by Air Canada. They don't waste money. A slow time for them is more of a chance to catch their breath and get balanced on staff requirements. Very safe stable company to work for.

[Donald]

Why do you guys care about the BBQ?

If it's not a BBQ, then the owner could have a new ferrari or two instead.

How the owner spends the company profits in no way determines how many pilots need to be laid off when the business slows down. Give your collective heads a shake.

[MUSKEG]

I have no idea where you guys got the 500 g from. Look at it for pity sake. It's towed behind your truck. It was built by an owner in his own fabrication shop because he could and because it's none of anybody's business. You can buy a cheyenne 11 for 500g. This industry is so polluted by people who believe everything they hear and refuse to think for themselves.

[leftoftrack]

I have no idea where you guys got the 500 g from. Look at it for pity sake. It's towed behind your truck. It was built by an owner in his own fabrication shop because he could and because it's none of anybody's business. You can buy a cheyenne 11 for 500g. This industry is so polluted by people who believe everything they hear and refuse to think for themselves.

Pretty sure it drives itself up onto the trailer to be towed and I believe it has 2 separate hydrolic systems and a electrical system so no not just something that gets towed behind your truck.

Why do you guys care about the BBQ?

If it's not a BBQ, then the owner could have a new ferrari or two instead.

How the owner spends the company profits in no way determines how many pilots need to be laid off when the business slows down. Give your collective heads a shake.

Well the newly unemployed can wrap themselves up in that thought to keep them warm where they use to have things like apartments and heat.

[GyvAir]

That BBQ is certainly either cool or silly, depending on how you look at it, I guess. I'd say its existence, or the existence of any company's promotional gimmicks have little bearing on how many employees should be retained when times get lean.
Certainly expensive though:
https://www.facebook.com/pages/Raven-Cu ... =page_info

[Mr. North]

Heard there were more notices sent out today?

[cdnpilot77]

I heard the rumour from a couple of sources too, another 35 laid off plus another 5% roll back in pay for those staying. Tough times, best wishes to those affected today, I hope the rest are able to hang tight.

[leftoftrack]

I heard the rumour from a couple of sources too, another 35 laid off plus another 5% roll back in pay for those staying. Tough times, best wishes to those affected today, I hope the rest are able to hang tight.

Is Canadian North still doing the majority of their available seat miles? Cause I'd be calling ALPA for some imput as to how to stop that

[Squid]

How the :ell can Alpa help!? Just like they helped other carriers? Like flightcraft and canjet in recent memory. Too many get confused with what alpa can or cannot do. In my opinion health and safety is about the best thing they can deliver in but that's a different thread

[ditar]

Furthermore, North Cariboo isn't even part of ALPA.

[IWANTTOFLYYIN]

Ya heard a lot more folks got laid off. Wonder what's going to happen to the company? Rumor is floating around that they are getting rid of the newly acquired Q4's too.

[leftoftrack]

Furthermore, North Cariboo isn't even part of ALPA.

That's the point, if they weren't giving away their flying NCA pilots might still be employed

[fish4life]

You make more sense why would ALPA do anything to put their crews jobs in jeapordy. "Hello this is ALPA we would like to stop do flying for you guys so we lose it and our guys get laid off"....

[leftoftrack]

You make more sense why would ALPA do anything to put their crews jobs in jeapordy. "Hello this is ALPA we would like to stop do flying for you guys so we lose it and our guys get laid off"....

They would if NCA was represented by ALPA