http://www.nats.co.uk/uploads/user/N...ounts_2008.zip
From the Chief Executive's review (Paul Barron):
"
The single uniting factor across our business is our people. Everything we achieve is done so through the commitment and professionalism of an incredibly capable workforce. I would like to thank our employees for their outstanding contribution"
Paul - for my "outstanding contribution" I expect a
final salary pension. That is a pension based on my final salary.
The above link is worth reading before attending a briefing - some figures include:
- Loans paid off 24 years early (part of the loans were re-financed saving £5.5million in interest costs this year, the rest was paid off with
cash)
- £15.8 million early redemption charges for paying these loans off 24 years early
- £23 million spent on relocation staff to West Drayton etc,
- £3 million costs related to staff bungs for changing redundancy t+c's
- £?? in payments to Heathrow staff for moving to new control tower
Not to mention the £66.7 million pre-tax profit or the £2.5 million in shareholder dividends
The briefing tries to say the company needs to find £125 million.
In reality this is £70 million as they already pay around £55 million each year into our pensions.
The figures in the above report do not show a company that is struggling to pay it's own way
