Corporate Layoffs?

Discussion of topics related to corporate aviation throughout the world.

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AirSprint HR
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Re: Corporate Layoffs?

Post by AirSprint HR »

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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
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Broker
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Re: Corporate Layoffs?

Post by Broker »

CIBC just let a pilot and mechanic go.
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WCJetPilot
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Re: Corporate Layoffs?

Post by WCJetPilot »

Moved the aircraft to another management company too...
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SpyPilot
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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?
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Broker
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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.
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Air.Field
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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".
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Rancher88
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Re: Corporate Layoffs?

Post by Rancher88 »

Down East the few small departments that exist seem to be holding steady. Can't speak for all the Southern NB ones and in NS but I guess we are hangin in there.
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Broker
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Re: Corporate Layoffs?

Post by Broker »

TD Bank let both of their guys go. Probably less to do with Covid, more to do with the change of management company. Too bad they chose poorly.
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schnitzel2k3
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Re: Corporate Layoffs?

Post by schnitzel2k3 »

Is that the one that jumped up to Chartright from Skyservice in November? Or different bank?
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Adjfrancis
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Re: Corporate Layoffs?

Post by Adjfrancis »

schnitzel2k3 wrote: Sat Dec 12, 2020 6:27 pm Is that the one that jumped up to Chartright from Skyservice in November? Or different bank?
That was CIBC
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schnitzel2k3
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Re: Corporate Layoffs?

Post by schnitzel2k3 »

Ah that's right. What a mess, eees what it eees.
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