As to the talk of bankruptcy and re-nationalisation... Clearly NATS would not be allowed to cease doing business. HMG would have to step in, but that's not going to be all rainbows and roses. The company would be saved, but the first step after that would see hundreds of us lose our jobs, service levels would get hit and T&Cs would be attacked.
I agree totally HMG would take full control.
However I seem to remember good times before part privatisation. Plenty of staff in the ops room, managers who you could trust and who spoke plain English, a happy atmosphere, ample liaison visits, assisted flying scheme, no layers of non essential "Management" strutting about in open neck shirts and suits pretending to be cool, no bonuses, no posters of frogs and gorillas all over the walls, no ridiculous colour schemes, no ludicrous costly ideas like "Mission Values and Guiding principles", no Visions, no New Horizons, no Destinations, and no "Bar stool" sessions. Does anyone actually believe in all that crap, or worse still admit to believing it?
I actually saw a notice at one of our large units concerning a gate being opened or closed which made it part of the "Living and Breathing" some thing or other Vision 
I am beginning to think the lunatics are taking over the assylum
Quite frankly, if you do believe all this stuff I would seriously question your sanity, and that includes NATS management who are reading this !
No wonder we have ended up in this mess
I also remember a healthy Pension scheme, probably the best in the country. So ask yourself, what was wrong with being State owned because NATS is crucial to the security, safety, and economy of the UK ?
When we are sold off to the highest bidder,(the reason why this pension deal has to go through, otherwise NATS wont be so attractive) be it SERCO or whoever, the first thing to go will be
non essential staff and
assets. Then our terms and conditions would change for the worse. Each individual should consider their own position in the company,and ask youself, are
you essential to the business? Is
your location essential, could it be sold off as an asset?
Vote yes, and you could be voting yourself out of a job.
That is why we must all
vote no.