PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 16th October 2008 | 14:11
  #686 (permalink)  
Air.Farce.1
 
Joined: Nov 2004
Posts: 158
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From: Costa Packet
250 kts, in answer to your question

a)
I would like the unions to negotiate a deal which does not adversely affect our pension. If this means the Airline group and or BAA have to suffer financially...so be it. If BA did not have to pay the £271,500,000 fine Executives face court over fuel surcharge fixing by BA and Virgin | Business | The Guardian(Some of those responsible will serve jail terms) for fixing fuel price surcharges with Virgin, then perhaps they would not be strapped for cash. In addition following talks with class action lawyers, both airlines have set up a £100m compensation fund for passengers caught out by the collusion between August 2004 and January 2006. BA and Virgin admitted conspiring to fix fuel surcharges.

I personally am not proud to be associated with companies who part own NATS and whose managers are crooks. That is £371.5 millions which our shareholders have lost through greed, dishonesty and incompetence.
Make no mistake BA will have exerted enormous pressure on NATS managers, BAA also, as their new Spanish owners are having severe difficulty now in financing their £10 Billion loan to buy BAA.
And NATS expects us to bear some, maybe all of this cost to bail out two of our shareholders? I am dissapointed that anyone should consider voting yes, but that is their choice.

b)
I would accept a pay rise in line with inflation in the current and forseeable future

Last edited by Air.Farce.1; 16th October 2008 at 14:55.
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