A few facts from NATS website:
Yearly pre-tax profits:
July 2005 - £68.8 million
June 2006 - £80.3 million
June 2007 - £94.4 million
June 2008 - £66.7 million (reduced due to cost of closing West Drayton, staff relocation and redeeming shareholder loans)
Dividends to shareholders
2005 - £5 million
2006 - £2.5 million
2007 - nothing declared
2007/08 - interim dividend £2.5 million
Costs of staff relocation to Swanwick and redundancies from restructuring (2008) - £23 million
Pension scheme costs (2008) £54.8 million
So.... The cost of the Swanwick more than 40% of the total cost of the pension scheme in 2007/08.
If the company can absorb these restructuring costs yet still turn a good profit then surely they can afford to pay more into their staffs pension scheme now the Swanwick move is complete???
Impressive figures for a company who do not wish to reward loyalty through a final salary pension scheme.