PPRuNe Forums - View Single Post - British airways pension to close.
View Single Post
Old 11th September 2017 | 21:29
  #55 (permalink)  
The Mixmaster
15 Anniversary
 
Joined: Jul 2006
: SLF
Posts: 218
Likes: 15
From: Barcelona
At same time Jet II, in this instance you have a company which announced 2 billion plus profits last year and cash reserves many multiples of that, closing a DB scheme which although in deficit is but a mere drop in the ocean compared to their balance sheet. DB Pension funds across the world are struggling mainly due to historically low interest rates post 2008/9. This will not always be the case. I question why a fellow pilot's sympathies lie more with a company who promotes shareholder value at the expense of its employee's rather than with his fellow professionals.
The Mixmaster is offline  
Reply