I am by no means a fan of BASSA / Unite, but if the previous offer which included a 2.61% pay cut was valued by PWC at £50Million, then an increased pay cut could get them to £60Million?
Of course , the main problem with this seem to be that Sky and others are reporting that the 3.4% is in fact an extended pay freeze rather than any real pay cut
. So I agree with Spin Doctor, that the figures just can't add up.
Based on WW's statement that they would each have to give up several thousand. Foregoing an increment and small increases to allowances is not going to get them there... so what else could be included???
Lastly, I would imagine that BASSA will also have included several conditions that hinder the introduction of new fleet and therefore hinder the further savings that WW needs to make over the medium term.
As I say, I am no fan of BASSA but this is a better offer in terms of public perception at least