Home to Duty - Proposed management buy out
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However I was simply making the point that the airports run a very tight ship with very little money being spent yet we make the profit and are continuosly told that we are given a pay rise on the coat tails of NERL, yet this HTD vote is to help NERL save 50 million quid and we all suffer from it.
This came after offsetting an operating cost of £330M for NERL and £82M for Airports. So buck for buck, NERL run a tighter ship when it comes to profit against costs spent. Or a better return if you want to put it that way.
That's for 2005, all available in the NATS published accounts.
Back to the HTD issue. If there is a 6 month withdrawal clause in the agreement, then I say grab the money and run while we can. If there is not, then either let's leave it as it is or let NATS come back with a substantially better offer.
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I've read the accounts thanks
"After pre-tax losses of £80m in 2002 and £29m in 2003 the group reported a modest pre tax profit of £1.8m in 2004. This year, however, the group reported its first significant pre-tax profit of £69m."
We do need this 6 month clause clarified
"After pre-tax losses of £80m in 2002 and £29m in 2003 the group reported a modest pre tax profit of £1.8m in 2004. This year, however, the group reported its first significant pre-tax profit of £69m."
We do need this 6 month clause clarified
Join Date: Jan 2001
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Airport services don't make 'the profit', as you call it, alone. They make part of the overall profit for the whole company from which everyone benefits. For 2005, NERL made an operating profit of £114M, Airport Services made an operating profit of £10M.
This came after offsetting an operating cost of £330M for NERL and £82M for Airports. So buck for buck, NERL run a tighter ship when it comes to profit against costs spent. Or a better return if you want to put it that way.
This came after offsetting an operating cost of £330M for NERL and £82M for Airports. So buck for buck, NERL run a tighter ship when it comes to profit against costs spent. Or a better return if you want to put it that way.
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Originally Posted by Hootin an a roarin
I've read the accounts thanks
"After pre-tax losses of £80m in 2002 and £29m in 2003 the group reported a modest pre tax profit of £1.8m in 2004. This year, however, the group reported its first significant pre-tax profit of £69m."
We do need this 6 month clause clarified
"After pre-tax losses of £80m in 2002 and £29m in 2003 the group reported a modest pre tax profit of £1.8m in 2004. This year, however, the group reported its first significant pre-tax profit of £69m."
We do need this 6 month clause clarified
Join Date: Nov 2002
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"Well, looks like NATS management's "divide and conquer" tactic is working! "
If you boys would have stuck with us a couple of years ago and voted NO to the banding system then we would not be divided. However as I have already stated the 'lower' grades feel demeaned and let down by our brothers at the top who are now bleating 'lets stick together and not let management divide us'
TOO LATE!!
I'm just waiting for the routine reply of 'Move to a different unit'. Not easy these days and life's not that simple.
If you boys would have stuck with us a couple of years ago and voted NO to the banding system then we would not be divided. However as I have already stated the 'lower' grades feel demeaned and let down by our brothers at the top who are now bleating 'lets stick together and not let management divide us'
TOO LATE!!
I'm just waiting for the routine reply of 'Move to a different unit'. Not easy these days and life's not that simple.
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Originally Posted by Legs11
I currently receive HTD, but will soon be transferring to a unit where, apparently, they do not receive it. Will I still be eligible for the bigger pay-off, or am I about to be screwed over?
Even if you are a vandle
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No new HTD claims are being accepted, and will be frozen at November 2005 levels, so if you move or moved after November 2005, your HTD remains frozen at that previous level.
Therefore a claim for 30 miles each way in November 2005 remains in place even if you move to a unit where HTD is paid and you only live 1 mile away.
Therefore a claim for 30 miles each way in November 2005 remains in place even if you move to a unit where HTD is paid and you only live 1 mile away.
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Originally Posted by radar707
No new HTD claims are being accepted, and will be frozen at November 2005 levels, so if you move or moved after November 2005, your HTD remains frozen at that previous level.
Therefore a claim for 30 miles each way in November 2005 remains in place even if you move to a unit where HTD is paid and you only live 1 mile away.
Therefore a claim for 30 miles each way in November 2005 remains in place even if you move to a unit where HTD is paid and you only live 1 mile away.
TIO? Vandel? Me? It just gave way!
Join Date: Sep 2002
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I have received my ballot paper in the post today, just thought I would mention it in case some have the same problem with getting their ballot papers as they did with the pay ballot.
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Not really over a barrel, if the membership votes no then we keep HTD.
Notice the letter says
"In order for the proposed changes to have contractual force it will require that the majority of the respective Prospect branches and a majority of PCS members vote in favour."
So if we take that exactly as it's written, that requires an overall majority of the membership to accept rather than a majority of those who return a vote?
Given the turn out for the pay deal, I'd say HTD will be around for a while yet, unless of course Prospect decide that's not actually what they meant...
Notice the letter says
"In order for the proposed changes to have contractual force it will require that the majority of the respective Prospect branches and a majority of PCS members vote in favour."
So if we take that exactly as it's written, that requires an overall majority of the membership to accept rather than a majority of those who return a vote?
Given the turn out for the pay deal, I'd say HTD will be around for a while yet, unless of course Prospect decide that's not actually what they meant...
Join Date: Oct 2004
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I have not seen the letter, but was of the understanding that the Management could take HTD from us anyways if they give us notice.
I would rather kep HTD until I retire, but I am led to believe it's not an option, one way or theother.
Some clarification needed methinks, before we vote.
Any union bods or contract specialists out there who could comment? Can management take it off us?
Is this offer a nice way of them doing it? They know if they were just to take it (as may or may not be their right), there would be a lot of bad feelings.
I would rather kep HTD until I retire, but I am led to believe it's not an option, one way or theother.
Some clarification needed methinks, before we vote.
Any union bods or contract specialists out there who could comment? Can management take it off us?
Is this offer a nice way of them doing it? They know if they were just to take it (as may or may not be their right), there would be a lot of bad feelings.
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Whilst loathe to give up any of my salary there does have to be a realism in that we need to as a company make massive savings.
Although concerned we may go into free fall over our perks the HTD one is I am prepared to give up as in reality who does now get paid HTD in other professions.
The savings made apparently equally 1.5 million
Although concerned we may go into free fall over our perks the HTD one is I am prepared to give up as in reality who does now get paid HTD in other professions.
The savings made apparently equally 1.5 million
Join Date: Oct 2004
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Flower,
I understand where you are coming from and partly agree it would be a small price to pay as a shareholder of sorts ourselves.
What galls me tho is that this is being talked about now, just after the pay deal. It seems a sneaky way of doing things.
I understand where you are coming from and partly agree it would be a small price to pay as a shareholder of sorts ourselves.
What galls me tho is that this is being talked about now, just after the pay deal. It seems a sneaky way of doing things.
