thetruck,
BA took a 2.5% paycut? By this I presume you mean BA's pilots. Being one of them, my net pay has reduced by just over 15% since my "2.5%" paycut. 2.5% was the basic salary cut, the rest was from our hourly pay (which as a percentage at the bottom of the rung is a hell of a lot!) PLUS we will work harder. Of course BA has also cut the SSP pay in order to cover training costs (a type rating) for which they charge £44,000 (salaries are reduced for the first 5 years). Whilst this was the case beforehand, the pilots previously didn't pay for their ATPLs so that is also a gigantic paycut. Not forgetting that it has been some time since BA pilots took a payrise in line with inflation (which is not a payrise, its a pay freeze).
Not complaining, just stating the facts...