PPRuNe Forums - View Single Post - BA pension deficit £3.7bn....!
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Old 15th Dec 2009, 19:22
  #39 (permalink)  
koi
 
Join Date: Jan 2001
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Rainboe,

Meyhinks you are so wrong. Do have a look around at exactly what is happening to other airlines and their p-schemes. You can forget existing protections ring fences, guarantees and actuarial assurances. The mathematics are clear and damage limitation will be the order in future, for the sake of the business and the existing employees. Expect a dismantling of the existing schemes, a money pot in own name and go to market is the only clear way out for BA.
King was the fella when I was at Hamble, Ayling came in with a remit to break the unions. The independants all waited to see the inevitable. Perhaps the self destruct button has just been pressed.
Koi of 744
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