As for being re-nationalised, yes, if NATS went bankrupt having taken all measures possible not to, then I agree we would be re-nationalised on the same T's & C's inc Pension as we have currently.
Where does this gem from LACCATCO come from??
I quote from page 16 of the glossy booklet:
"In addition, employees who were members of CAAPS on or before 26th July 2001 are protected by the trust of a promise. The trust of a promise guarantees that such employees would be afforded the benefits promised by the scheme whilst they remain in NATS or in the event that their employment is transferred to another owner. This is provided that the company is not in severe financial difficulty, in which circumstances the guarantee is only that the company must use it's 'best endeavours' to provide the promised benefits."
That reads to me that so long as NATS can hold their hands up and say "well we tried boys" if it all goes tits up, then none of the benefits will be promised, and certainly doesn't imply that the government would then bail us out on the same T+C's and pension.
Mebbes I'm missing something obvious........
