BALPA and BA talks breakdown

[biddedout]

Since the question of the 10% opearting margin target has cropped up. For anyone intending to go to OS, be aware that as a BA subsidiary, you will be expected to contribute towards achieving this margin but you will not be included in the BA bonus system.

Your managers will cobble together some bonus system of their own with targets which OS will permanently fail to achieve. Obviously, the whole point of having a subsidiary is to ensure that it only ever breaks even or makes a loss.

Enjoy the Christmas £15 B&Q voucher though and think of your Board as they count their share options.

If BALPA does any kind of deal and buy into OS, they should be very careful to insist that one of the conditions is that BALPA (the OSCC AND the BACC) have full access to the management accounts in order to ensure that it is actually being run as a true stand alone company, paying proper market rates for services. Until now, subsidiaries have always had their accounts consolidated into those of the main company, making it very difficult to prove the true state of play. The idea is that you are just supposed to believe what you are told and trust your “Leadership Team”.

Better still, insist that a pilot is appointed to the board. (Elected by the membership of course). As someone has pointed out, there are some very switched on and well qualified cookies on the BACC and within the wider community. The precedent is already set. Why would Willy object.