No is still the way to vote...
They have broken the trust of the employees over pensions, that is as simple as it gets...
We have all seen the figures, I dont disagree it doesnt look totally rosy, but there are still other options, and the proposal doesnt come with any guarantees that it will actually work. They have left out many facts when it comes to the finances of the company, there is no evidence of predicted profits to cover this short term shortfall, and future investment. There are many projects that take a lot of cash at the moment that will be complete in those 15 years.
I think whatever the outcome, a No vote at this stage is necessary just to show the message that we are not happy that they have broken the trust, that we dont trust them to stuff us further, that we expect more from them(not just in cap or smart, but better assurances of what future will be if we accept) If we roll over a stage one, then why are they ever going to be worried about other changes in the future when as a workforce we will then have less to bargain with.
further evidence etc may prove that this is the only option, that is what has to happen, but surely we should make them work for this, make them see they cant just baffle us with figures and heavy handed tactics, that they have to respect the people that at the end of the day ensure they make any profit at all.
For those that are jumping to the yes, because you retire before the 15 years are up. just think, about those that dont, and consider a no now, its easy at this stage just to say NO, and wait and see what comes next, at the end of the day a second ballot woul be necessary before any action was taken and by then the company maybe a bit more honest and you can then maybe consider yes.