PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 10th Jun 2020, 21:52
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Private jet
 
Join Date: Nov 2001
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I left 22 years ago, but one thing that has not been mentioned is the billion pound "black hole" in NAPS. I appreciate that has been closed to new contributions and accruals for some time, but there must be quite a few crew on all "teams" that have a big vested interest in ensuring BA keep paying into the scheme to fill the black hole? Was £300 million a year afaik before Corona. Even a 10% reduction of pension over a potential 20+ year retirement (even in this day and age) equates to a lot of cash.

Last edited by Private jet; 11th Jun 2020 at 12:54.
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