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Old 27th Jun 2020, 08:28
  #96 (permalink)  
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escaped.atco

Nice statement, and much of this I do agree with, but, what fight are you referring to suggesting the unions need to grow some? Your statement suggests an inevitability of losing many key T&Cs. As justbeingnosey alludes to there seems to be an acceptance that this will happen. But there are ways and means to minimise the impact which may hurt staff in the short term but are recoverable over a period. An example is taking a pay cut now that is made up when the situation improves.Another way would be to negotiate that the retired staff get say a 10% reduction in pensions being paid to alleviate the drain on the fund on the guarantee that it is made up later. None of this is either desirable or palatable for either side but clearly cash flow is the biggest issue and any short term action may help guarantee the continued viability of the company
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