Eddy,
I'm over myself now.
Chigley has given a good explanation. But just to put it another way.
Forget MTP. That has effectively gone.
We will now earn our variable allowances as we have always done. The difference is: to counteract the worries about "sitting at home with no work" we have a "guarantee of a minimum payment" (GMP
).
Therefore IF you were to sit at home with no work, you would earn the GMP rates (as specified in Appendix 1 and NOT including meal allowances!). If you earn more than that, then you take home whatever you've earned.
It is, for want of a better word, a security blanket. I for one think we are very lucky that our employer has resolved this issue in such a win-win way. I would like to publicly thank them for being so magnaminous in this situation.
IYSWICIWSICISY (sp?)
Please remember Rome wasn't built in a day. BA are making their savings through reduced crew complements and now the earlier, and larger than planned introduction of Mixed Fleet. This is a huge adjustment for our community. If BA are happy, and we are happy, I think you will see a more effective workforce and that has got to be a good thing.
I agree with Malcolmf. We now need to sign it and get on with restoring our customers' faith in us.
This is my own viewpoint and not that of BA.