Cathay Pacific Restructure Announcement
Yesterday Cathay Pacific Airways announced job losses across the network due to the COVID-19 pandemic, including the proposed restructure of its Australian operation.
The ASU is seeking urgent information from the company on the impact of the proposed restructure, including the details of the roles which are to be made redundant and the selection criteria the company intends to apply. We believe the company should do the right thing by employees and offer voluntary redundancies before forcing loyal employees out the door.
Overview of EBA redundancy entitlements
i) Four (4) weeks pay for the first completed year of service
- ii) Three (3) weeks pay for each subsequent completed year of service from the second year up to and including five (5) years, and
iii) Four (4) weeks pay for each completed year of service in excess of five (5) years, and
- iv) Pro-rata payment for each completed month of service since the employee’s last anniversary date.
- v) Maximum redundancy payment is 92 weeks.
Notice of Termination
When a position becomes redundant, the following notice period and payments will apply.
Not more than 1 year – 1 week
More than 1 year but not more than 3 years – 2 weeks
More than 3 years but not more than 5 years – 3 weeks
More than 5 years – 4 weeks
Employees over 45 years old who have completed at least two years of service when they receive notice are given an additional week of notice.
You can find a copy of your EBA online at: https://www.fwc.gov.au/documents/documents/agreements/fwa/ae417615.pdf
We know this is a very stressful time, do not hesitate to seek assistance if you need it. Organisations like Lifeline 131114 or Beyond Blue 1300 224 636 are available if needed.
And remember your ASU is with you every step of the way. If you have any further questions please contact your ASU organiser Imogen Sturni at firstname.lastname@example.org