vortime
calm down a little.
Squeaker was mererly posing a few questions.
The protection of the final salary pension scheme or "Deferred" pay for many within an established airline can be and should be something that is extremely important and should not just be allowed to be taken away because the company is not going to make its financial targets for share holders or management not receiving their hefty bonuses.
Vortime if your airline has never had a final salary pension you will not understand what has or could be lost.As rightly mentioned most airlines are riding the backs of the SEP11 wave and crying poor while still making record profits.
By allowing the company to get away with stopping the final salary pension scheme to new joiners is simply a very long term view of dividing and eventually conquering the workforce on pension related issues as time goes on.
hats off to britannia for being able to hold on to the pension and hope that in years to come the world economy recovers so that future retirees can enjoy their deferred pay in peace.
PS we might be in a "free market "but unfortunately we are tied in to our various companies by shackles known as seniority lists which are NECESSARY EVILS in our line of business so do not use the words FREE MARKET loosley when talking about our profession.
Cheers