The centrepiece of BA's plan to reduce costs is to destroy the 1948 Redeployment Agreement.
In short this agreement ensures that wages and therefore pensions can never be reduced. Rather than scrap this agreement in one go, which would probably trigger company-wide strike action, BA intends to nibble round the edges and gradually do away with the agreement section by section.
The current plan to create a two-tier workforce among cabin crew is a case in point. BA intends to make 3,000 redundancies through setting up the new MF of cabin crew.
This new fleet will be on reduced wages and therefore pensions. Any promotion or redeployment from the old, better paid fleet will be into the new fleet on worse pay etc. This process will then allow BA to reduce the pay to cabin crew over a number of years.
Since cabin crew make up one-third of staff this will make a significant dent in BA's pension contributions and would put the company in a powerful position to use similar tactics against the rest of the workforce.....especially the pilots.
Those of you who have signed new contracts will be Fast Tracked off of the 1948 Redeployment Agreement. That is the price you will pay for being weak-willed, uninformed and basically, pathetically naive.