The precedent was set at the last round of redundancies earlier this year. The last 7 F/O's on the 'List' are ex regional, and have group joining dates in 1998. They were not made redundant last time, and will not this time either. What you think of that decision will obviously depend on where you personally reside on the 'List'. My opinion is irrelevant !
I personally believe 'The Company' would rather get rid of some of the top earners to reduce the average wage bill. Some of the 55 NRD's working out their last 5 years are also set to take huge lump sums from the pension scheme, as they are rightly entitled to do. This will be reflected in next years FRS 17, someone will have to top it back up again !!
Now who do think that might be ? We already pay 10%, the maximum is 15%, not too far to go with the imagination is it ?
Anthony, Have you made up your mind yet ? Time runneth out
