To be fair, a negotiated permanent pay cut would have been a good plan for BASSA. BA would have gone for that but obviously the sticking point would have been its size. A negotiated cut in pay is always better than a non-negotiated one. Right now, New Fleet is coming, and the cabin crew no longer 'own their future'... Control over the size of their oncoming pay cut a few years down the line is rapidly slipping through their fingers.
The biggest problem with the negotiations has been that BASSA has not appreciated that BA set the size of the target, allowing some negotiation over how it is met, but the size was not negotiable downwards. BASSA have only very very recently realised that they have been trying to negotiate something that is not negotiable. They have been trying to talk about the wrong stuff!
A negotiated settlement in name, might happen. It would certainly be the best outcome BASSA can hope for but ultimately, BA will not reverse any of the current changes. The negotiation I speak of could come from the New Fleet talks and Disruption agreement, but I think BASSA are too far gone to seize even that opportunity.