Flap 62
While this may affect senior people too, I would argue that the impact isn't quite the same. But you're quite right when you say that, in the end, the company wins. Which is why I'll go back to my original question, why are we accepting this at a time when things are on the up??? Surely we should be adding value to our contracts, not making huge sacrifices to the detriment of all concerned.
The problem is, those further down the list are the lower earners in the company so to remove £7-8k of guaranteed annual income represents approximately a 12% pay cut in year 1. When paying a mortgage and raising a family in the South, that's a really big deal.
I'm staggered that BALPA are recommending I accept a 12% pay cut from my fixed income to accept a Variable pay arrangement in return! My monthly subs were taken on Wednesday and I'm wondering what on earth I'm paying for.
Last edited by 2 Whites 2 Reds; 5th Feb 2016 at 09:41.