PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 20th November 2008 | 08:49
  #1263 (permalink)  
fly bhoy
 
Joined: May 2002
Posts: 197
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From: Surrey
eglnyt

the regulator won't increase the charges
According to the management woman at my breifing...
negotiations between NERL and the regulator are actually due to start around about now and key to the negotiations is us getting cost pass through
And here we were led to believe that this is completely not an option!! This is management telling us that it is still a posibility, so which is it? Simply saying that "the regulator probably wont let us pass on the costs" isn't convincing enough for me to vote yes i'm afraid. How about the management approach the regulator and say "you don't know the depth of feeling about this issue, our staff are prepared to go on strike over this so we absolutely have to pass at least some of the costs through"?!? Surely that would focus the regulaor's mind??

As this whole deal is based on assumptions and possibilities, let me make some...We sign up to this deal...the regulator actually does allow cost pass through and next year NATS posts record profits (ok this one IS a bit far fetched i'll grant you)...they become even more profitable, take home even larger bonuses for "improving the financial health of the company"(or whatever bllocks speak it was the Barron used on NATSNET!!) meanwhile we've signed away a very, very good pension scheme and have set the company up to be sold off to the highest (or lowest!!) bidder, which, according to the union guys, is also very possible!!

Vote no (SD&H...no capital letters or bright colours)

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