Briefings are completely one-sided presenting a fait accompli.
Several forumites have said they have been convinced by 'the figures'.
Well I don't think it IS as simple as that.
The Airline Group bought us for £50m up front, borrowing the rest (£800m) and dumping the debt on NATS (ie. US). This is screwing us (royally).
On top of this the CAA (the Govts proxy) is screwing us with RPI minus formulae and refusing pension cost pass through.
I believe that at no time have management or CTUS sought help/input from Govt. That should have been the FIRST demand of CTUS. The Govt created this problem they (as 49% shareholder) should be shamed into helping solve it.
By all means sit and wring your hands and say "we're doomed, and our only option is to believe the accountants and the managers and the Union".
Well I for one don't buy it.
When you see the years of underpaying (makes you wonder if it was specifically to undermine the pension..), and the £60m profit per year, and the cash the Govt have screwed out of NATS (and the fund), and the FACT that any company that reduces its pension liability is a bigger and juicier prospect to sell ...
I for one object to my pension PROMISE being screwed to pay for the debt and fattening up for sell-off.
Think on this. Your brothers in the CAA still have the same pension prospects as they did 7 years ago, promises that are funded (by Govt) at 38%.
So, be naïve and just believe the spin. Or look a bit more deeply into why we're here.
It's a big NO from me, because I don't trust 'them'. It's time to hold the politicians to account for all their previous promises.
So, please, get off your moaning ar$es and hassle those MPs !