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Home to Duty - Proposed management buy out

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Home to Duty - Proposed management buy out

Old 2nd Feb 2006, 19:26
  #41 (permalink)  
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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.
Sorry Hootin' , 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.

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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Old 2nd Feb 2006, 20:34
  #42 (permalink)  
 
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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
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Old 2nd Feb 2006, 22:15
  #43 (permalink)  
 
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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.
Or they overcharge massively and CP2 is to redress that while NSL is more commercially realistic and has been for many years
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Old 2nd Feb 2006, 22:35
  #44 (permalink)  
 
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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
If you look at the the time period 2002 to 2005 the group is still 38.2million in the red (109million in losses and just 70.8 in porifts)
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Old 3rd Feb 2006, 08:04
  #45 (permalink)  
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And some airports in NSL make a high proportion of that profit....
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Old 3rd Feb 2006, 08:09
  #46 (permalink)  
 
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Well, looks like NATS management's "divide and conquer" tactic is working!
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Old 3rd Feb 2006, 08:59
  #47 (permalink)  
 
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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.
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Old 6th Feb 2006, 21:24
  #48 (permalink)  
 
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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?
As your being cocked about on the roster m8 i'd suggest you demand it.

Even if you are a vandle
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Old 7th Feb 2006, 09:50
  #49 (permalink)  
 
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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.
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Old 27th Feb 2006, 15:18
  #50 (permalink)  
 
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Anybody know when we're supposed to be voting on this?
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Old 27th Feb 2006, 15:24
  #51 (permalink)  
 
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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.
...hmm, now that;s interesting!

TIO? Vandel? Me? It just gave way!
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Old 2nd Mar 2006, 12:11
  #52 (permalink)  
 
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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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Old 2nd Mar 2006, 12:28
  #53 (permalink)  
 
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Thanks flower

I, no doubt, will have to chase up my union rep.

What date does the voting close??

Thanks for the info
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Old 2nd Mar 2006, 12:35
  #54 (permalink)  
 
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Vote closes March 22nd
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Old 2nd Mar 2006, 12:58
  #55 (permalink)  
 
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Thanks for that...

So April pay then if it comes in... Can't see any way around keeping HTD at the moment, I think they have us over a barrel
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Old 2nd Mar 2006, 14:22
  #56 (permalink)  
 
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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...
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Old 2nd Mar 2006, 14:50
  #57 (permalink)  
 
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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.
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Old 2nd Mar 2006, 14:55
  #58 (permalink)  
 
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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
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Old 2nd Mar 2006, 15:08
  #59 (permalink)  
 
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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.
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Old 2nd Mar 2006, 16:10
  #60 (permalink)  
 
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If HTD can be withdrawn anyway then why are we being offered money to agree? Can UHP be withdrawn too?
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