PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 24th Nov 2008, 16:25
  #1466 (permalink)  
Vote NO
 
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Angry

Looks like the grooming has now started, one last final push from the CEO to get this deal through so he can set us up for a sell off.
If this goes through, our new owners will have us on a 50% final salary pension scheme as opposed to the 2/3 we have now.

if the company became insolvent, the Government would appoint an administrator whose role it would be to keep Air Traffic operating but also to refinance the organisation. It is highly unlikely that this would be achieved if the administrator kept in place the very vehicle that brought the company down in the first place, namely the pension scheme.
How arrogant !

Its the financial incompetence of him and his cronies that are the vehicle that is bringing the company down He is only concerned about his big fat pay off.
How would an administrator keep NATS operating if ATC staff went on strike because their pensions were being screwed

As in my previous post

If NATS goes under,here we go again HMG who own 49% will take over the rest and the Pension, otherwise we will go on strike! Remember NATS is crucial to the infrastrucure of UK security,safety,economy. NATS must continue to operate at full efficiency. The country would collapse with no aviation, no food, no tourism, no business!
I think any level headed individual would agree NATS can not "go under" if the private side fails, why do you think HMG has the major stake? Here we go again UK SAFETY, ECONOMY, SECURITY.

That is why HMG retain the major share


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Last edited by Vote NO; 24th Nov 2008 at 17:01.
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