Within the Lufthansa Group, SWISS is by far the most profitable airline, with margins that are 10x better than at Lufthansa. Despite that, it’s interesting to note that the airline is significantly overstaffed, to the point that the company is offering flight attendants money to resign.
Continue reading: SWISS Is Overstaffed, Will Pay Flight Attendants $19K To Quit
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"...given the incredible uncertainty and headwinds the industry faces, including the conflict involving Iran, and the spike in oil prices."
It's Biden's fault.
Sounds like something being pushed down from the LH group. They are offering 15K CHF only because it would cost a lot more to layoff staff under Swiss law.
Hmm. They may have more figured out regarding the headwinds and uncertainty than they're willing to admit.
No doubt wet leasing all those airBaltic A220s is cheaper than using Swiss paid crews...
American Airlines should try this same strategy to get rid of the lazy, overpaid fatties staffing their flights.
Watch out, 1990 is going to come after you 🙂 He really took it to heart when I expressed a similar opinion.
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If the intent is to reduce cost by eliminating senior attendants, I hope for them that service levels are maintained when there is a majority of junior attendants.
Their exposure to the conflict in the Gulf region is rather limited, given their limited network to that region (they only serve TLV and DXB). I guess more important is slump in demand across the Atlantic, which I expect to result in frequency reductions.
Logout and back in again fixed it for me (it's a new problem today to be fair)
Not working for me either. Had to go back out to main page and click to comment section from there.
Swiss redundancy legislation doesn’t mandate much financially unless you’re over 50, compared with the EU /UK
I have been experiencing this problem for 2-3 days. I can only access comments from the main page. Logging out then logging back in did not correct the problem. Using Chrome on a Win11 PC.
Switzerland does not require a specific reason to lay off people as opposed to most European countries. Most Swiss companies would give a little something out of courtesy... But standard unemployment benefits are OK (roughly 70% of your salary below 190k usd for 2 years, 80% if you have children)
Swiss law offers peanuts in protection (okay better than the US but amongst the worst on the European continent).
-1 month during the first year of employment
-2 months from the 2nd to 9th year
-3 months for 10+ years
Pretty sure that if they had to lay off employees they'd most likely have 2 to 9 years of employment, so they'd probably end up paying around 10k CHF.
It's worth noting that employees who do accept such an offer would get penalized by the government unemployment agency if they were to claim unemployment benefits after (70-80% of the salary depending on if they have children), as they would be deemed unemployed by their own choice without a compelling reason. That penalty could very well be 1-3 months of unemployment benefits.
Unless some of the employees were going to quit or have other plans, this isn't a move that will force many to leave.
The issue is that Swiss can't fly a large portion of its fleet because of engine issues.
They could literally fly 300 destinations once per week and it wouldn't change the problem.
It already existed for a long time, it was Swiss European Air Lines then Swiss Global Air Lines.
Funny. I re-call being critized both if you leave, or if you started a new one.
Sorry for the issues in the past few days with the comments, this has now been resolved. 🙂
They realised that the Air Baltic wet lease is more profitable than actually operating the flights with swiss-paid employees.
Now they get rid of the FAs so that they can be short on staff and operate more wet lease from Latvia, which LHG anyway partly owns. It's another twist on Spohr's subsidiary game.
If the issue was just A220 availability they would dry-lease them from Air Baltic.
So Carsten is going to work destroying the best airline in his group. What a backpfeifengesicht.
The incentive is worth less than a four-month equivalent of an average salary. I am not sure who would take the bait...
Not true.
Still getting 403 error messages, and saying "Amazon Cloudfront distribution is configured to block..."