Lots of questions about pension strikes from the city on the BA webcast today at 2pm.
WW set a positive tone saying he didn't expect industrial action and was confident of reaching agreement, all staff now aware that change is needed!
WW expects agreement on pensions post March before the Acturial Valuation is published Sept/Oct. Interestingly someone on the Board commented that the valuation might be delayed. This is not legally possible unless there are extenuating circumstances, I presume (retirement legislation/strike?).
Also the employee bonus has not been factored into this years figures unlike last. Any significance to this I wonder?
All in all WW gave the city a positive and frank report. Must be reassuring standing there with good financial figures achieved through the hard work of your professional and safe pilots and other hard working employees. Would be awful if there was a loss of confidence by the work force and the figures started turning red.