AsA has offered 4% per annum - provided we give up or reduce about 6 of our terms and conditions. The whole thrust of AsA's arguement is that it has to be cost neutral - we have to pay for our payrise by giving up entitlements.
From my reading of the offer, the conditions ASA proposed to be surrendered are worth significantly more than the 4% on offer. This isn't self funding pay-rises, this is going backwards faster than you can say "I voted No".
This is why I left Australia, so far so good. Get the next flight out, only when the 70 Short number reaches 150 that they'll go 'perhaps we got this wrong'. No wait, nobody in the corporate world has ever made a mistake, so there would be no admission of getting it wrong...