Is there an option to delay the ballot for as long as possible? This would give us a better idea of Aug 09 RPI and may help the "vote yes now voters"
to make the correct decision. The union say "The ballot process will commence from the 21 May concluding on the 18 June." If there is no option to delay, do not make a decision till the last possible day.
If anyone is content to accept an unknown offer based on a global financial crisis then I would have to question your judgement.
Let's remind ourselves of some of the murky details........
The CEO has had at least a 9% pay rise (until he denies it or until we find out in June) and is going next April.
Dividends of £43.5 Million were paid out to shareholders despite the Pension regulators warning not to pay out if the Pension was "causing difficulties". BA, part owners of NATS are shareholders and had to fork out £350 Million in fines for crooked fuel surcharge price fixing and greedily accepted the cash (£17 Million) along with the rest of TAG.
Management are jumping ship and are leaving in droves with a shed load of dosh before the next financial year, because they know the !!!! will hit the fan when NSL goes down the toilet, TAG sell their shares, and NERL struggles to cope with Airlines going bust, swine flu, economic downturn, and a rapidly worsening pension scheme.
I apologise for sounding pessimistic, but I am a realist and there is no good news. However I am not prepared to be shafted by greedy NATS managers
who have their noses in the trough whilst spouting off how hard up we are.
My Vote will be NO , surprisingly enough
