ex. Game, Music, Video, Photography

Allow us to set pilots’ wages: Vietnam Airlines

National flag carrier wants to set pilot wages on its own to prevent an exodus to other better-paying airlines.

Ngày đăng: 18 tháng 9, 2021
Cập nhật: 22 tháng 1, 2023
Lượt xem: 323596592
Nguồn: vnexpress

Duong Tri Thanh, general director of Vietnam Airlines, says the airline is facing a brain drain as new entrants enter the commercial aviation market.

In the current context of a pilot shortage, an airline’s remuneration policy is a key factor for firms to attract qualified personnel, he said.

Thanh proposed that the government loosen up the airline’s wage-setting mechanisms, allowing Vietnam Airlines’ management more autonomy in deciding staff remuneration so that it can carry out policies to attract and retain high quality personnel.

Vietnam Airlines has also proposed that the government make amendments to the labour law to ensure "sustainable development of the country’s resources, especially highly-skilled labour."

This would involve setting regulations on notice periods before contract termination, employee’s financial contribution to training, or employee’s obligation to reimburse training costs before switching employers.

Minister of Transport Nguyen Van The has concurred with Vietnam Airlines' recommendations on changes to the labour code, saying there should be appropriate provisions to protect and retain highly skilled human resources.

In 2018, Vietnam Airlines pilots received an average monthly salary of VND132.5 million ($5,719), an increase of nearly VND11 million ($475), or 9 percent compared to the previous year. However, this was much less than what their peers earned at other low cost carriers operating in Vietnam.

For instance, Vietjet Air’s latest official report in 2017 showed that average monthly salary of their first officers (co-pilot) range between $5,300 to $6,200 monthly, while a captain’s salary was between $7,900 to $10,500, based on productivity and seniority.

Meanwhile, budget air carrier Jetstar Pacific, partly owned by Vietnam Airlines, also offered higher average salaries to its pilots, ranging from VND110-160 million ($4,740-6,890) based on experience (number of hours flown) and seniority.

Bamboo Airways, Vietnam’s newest airline which launched only in January, is reportedly offering even higher salaries, according to its advertisements on recruitment websites.

It has been reported earlier that low pay, unsatisfactory work conditions and severance policies have pushed pilots to quit the national carrier in droves last year. This, in turn, had pushed the airline to raise wages last June to retain its pilots.

Industry insiders say that pilot training is very expensive, with stringent health and technical knowledge requirements. Since the number of qualifying pilots is limited, losing them to competitors badly hurts carriers.

Vietnam Airlines earned record revenues of VND96.8 trillion ($4.17 billion) last year, up 17 percent from 2017. Pre-tax profit was VND3.24 trillion ($140 million), 34 percent above the target.

It aims to achieve consolidated revenues of VND112 trillion ($4.83 billion) this year and plans to add 22 new airplanes (two Airbus A350s and 20 Airbus A321neos) to expand its fleet to 112.

The country’s largest airline by passengers has been facing rising competition from private budget carrier VietJet Air and others like the latest market entrant, Bamboo Airways.


Từ vựng liên quan

Tin tức liên quan

 North Korea slams "evil" South president
world 01/04/2021

North Korea slams "evil" South president

world | 177186642

North Korea on Friday launched the latest in a series of vicious personal attacks on South Korean President Park Geun-Hye, describing her as a "matchless evil woman" intent on war.

 Stock market valuation falls to 4-year low
business 21/03/2021

Stock market valuation falls to 4-year low

economy | 33756642

The price-earnings ratio of Vietnam’s VN-Index fell to 13 on Wednesday, its lowest level since mid-2016.

Vietnamese football to use video assistance for refereeing matches
sports 16/09/2021

Vietnamese football to use video assistance for refereeing matches

football | 316596608

Beset by controversial decisions, Vietnam’s top professional football league will start using Video Assistant Referee (VAR) this June.

Against a backdrop of motorcycles, Trump pledges to help veterans
world 17/09/2021

Against a backdrop of motorcycles, Trump pledges to help veterans

world | 322226595

In a move to bolster support among veterans, Republican Donald Trump joined a leather-jacket-wearing, motorcycle-riding crowd in Washington on Sunday to honor fighters who served in foreign wars and advocate for those still missing in action.

 Tap water unsafe, Hanoians warned
news 22/03/2021

Tap water unsafe, Hanoians warned

news | 50946660

In a warning affecting more than 250,000 families in the capital city, authorities said Da River sourced tap water was contaminated and unsafe.

 HCMC tightens travel, accommodation management
news 27/11/2021

HCMC tightens travel, accommodation management

news | 356316615

In wake of rising Covid-19 cases, Ho Chi Minh City will strengthen the review of people coming from other localities and those commuting among districts.

Russian-Vietnamese oil giant makes $150 mln profit in first half
business 16/09/2021

Russian-Vietnamese oil giant makes $150 mln profit in first half

companies | 318586608

The company's profit rose by 9.6 percent on-year despite low oil prices.

 Japanese retailer Muji to make Saigon debut
business 19/03/2021

Japanese retailer Muji to make Saigon debut

companies | 13876665

Muji, the Japanese household products and apparel chain retailer, will open its first store in a downtown Saigon commercial complex .

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…