Originally Posted by
Dunebug
I think the real reason why Barron is proposing these changes is to prepare NATS for full flotation on the stock market.
Recon you may be right, but I suspect that this is all heading towards a break up of the company and the pensions issue is really a smoke-screen. Unlike NERL, there is no strategic/national security issue which could be pulled out of the hat by opponents of a 100% sell-off of NSL.
The one problem for Mgt in order to do this is the Pension Scheme - in its current form.
No private company like SERCO or whomever would be willing to take on NSL with the current scheme in place and the surest way of solving that problem is to wind up the existing scheme and open new ones which distinguish between NSL and NERL.
Like I say, I suspect there is a bigger issue here than just pensions.