GS-Alpha
It is unfortunate that BA did not go to the trustees with BALPA's proposal, because they will have to go through the process all over again now - and possibly with strikes in the interim.
They wanted to get the easy agreement first and then be able to say, "But look - your trustees agreed to it, so it must be alright." Further, if you do strike, then they can tell the media that the Trustees agreed and repeat the above.
As to the Iberia deal ...
19,000,000 EUR
at 1 EUR = 0.678831 GBP (xe.com 01:28 16th Nov.)
12,897,788 GBP
Not much but it ain't going in your pension fund. What other deals have they done to reduce the pot?