Interesting that you state that BALPA blinked too soon and will feel foolish in the future when none of the details of the package have been released.
Suffice to say that a major pillar of the negotiations was the building in of a long term incentive package and also the fact that there will be no implementation until ALL other department cost savings have been achieved.
Still a short sighted blink? Perhaps not.
All that given I still agree that we seem to be in an employment life raft with a big hole in the side put there by our glorious New Labour Government. Whilst we in the UK industry labour (no pun intended) under the weight of public 'green' enmity and adverse Governmental tax pressure the rest of Europe scrap taxes and bail out airlines. Add to that the 'level playing field' of the American bankruptcy protection along with the conveniently forgotten 'Open Skies' part II, the opening of the Americas for 'free trade' and we seem to have gotten ourselves up a creek with no paddles.
The futures bright, the futures Orange!