BA pilots 'prepared to strike'?
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Storm clouds gather
Prepare for more gloom this week as the pilots decide their response to several BA management breaches of their agreement.
They say we are not short of pilots but management are prepared to meet pilots in person on arrival and order them in to work for the following day. One individual has had this happen to him twice in a row.
They say we are not short of pilots but management are prepared to meet pilots in person on arrival and order them in to work for the following day. One individual has had this happen to him twice in a row.
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Various newspaper items recently based around reports that 'the combined pension deficits of the FTSE100 companies have halved in the last 6 months.'
Any ideas as to how BA's has (according to the management) doubled in the last year?
As overstress says, some nice chickens coming home to roost as we speak.
Some nice actions by the Company at the moment. I particularly like the one about expanding the flying program, then denying pilot's leave so you don't need to pay them the overtime that would otherwise result.
Still, at least the 100s of £1000s of management bonuses will be safe.
Any ideas as to how BA's has (according to the management) doubled in the last year?
As overstress says, some nice chickens coming home to roost as we speak.
Some nice actions by the Company at the moment. I particularly like the one about expanding the flying program, then denying pilot's leave so you don't need to pay them the overtime that would otherwise result.
Still, at least the 100s of £1000s of management bonuses will be safe.
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BA's has not doubled 52049er: FT.com "BA’s pre-tax pension liability under accounting rules, for all schemes in deficit, increased from £2.19bn to £2.29bn in the year to the end of March and the accounting deficit in the main fund, the New Airways Pension Scheme, rose by £101m to £2.1bn."
Matey, I understand perfectly. Do you?
Also: "Following changes in pension legislation, scheme trustees are responsible for setting the assumptions used in the actuarial valuation process, and Mr Maynard warned Naps members, that the trustees would need to be more cautious than they had been three years ago at the time of the last valuation."
Roger Maynard appears to be your man to ask about what "assumption" changes have occurred.
Cleverer people than (you? &) I are looking into this as we speak. Do you understand that we are dealing with projections?
Also: "Following changes in pension legislation, scheme trustees are responsible for setting the assumptions used in the actuarial valuation process, and Mr Maynard warned Naps members, that the trustees would need to be more cautious than they had been three years ago at the time of the last valuation."
Roger Maynard appears to be your man to ask about what "assumption" changes have occurred.
Last edited by Lucifer; 26th Jul 2006 at 09:42.
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Originally Posted by M.Mouse
Is it true that an actuary is a person who wanted to be an accountant but lacked the personality?
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The Scheme Actuary is appointed by the trustees of the scheme, as are all other scheme advisers: legal and investment. The Scheme Actuary has no responsibility to the company.
The company has its own advisers.
The company has its own advisers.
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Spoilt Babies
What a load of babies, whinging & whinning I am sure that plenty of people would love to have a similar job with all the perks that come with it, you chaps don,t know when your well off.
Strike & you will kill the Golden Goose & there will be no pensions & no jobs.
Strike & you will kill the Golden Goose & there will be no pensions & no jobs.
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Don't know how much you know about the airline business J.Don.
Pilots can't chop & change jobs as easily as some.
Presumably you think that it's OK for an employer to change something as major as a pension scheme at the drop of a hat to ensure that its managers continue to get fat bonuses?
Otherwise what is your point?
Your posting is incorrect anyway as a pension scheme stays intact even if the company goes. There is no 'golden goose', unless you're a BA senior manager.
Pilots can't chop & change jobs as easily as some.
Presumably you think that it's OK for an employer to change something as major as a pension scheme at the drop of a hat to ensure that its managers continue to get fat bonuses?
Otherwise what is your point?
Your posting is incorrect anyway as a pension scheme stays intact even if the company goes. There is no 'golden goose', unless you're a BA senior manager.
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Quote:
Pilots can't chop & change jobs as easily as some.
That is soley due to the seniority lists which:
1. Are due to the pilots themselves. I'm sure most airline managers would like to rip them up.
2. Seniority lists are, at least in the UK, are open to a challenge in the courts given the new age discrimination laws - i.e. you cannot sack your youngest employees when you are downsizing, just in the same way you cannot sack more women pilots as men pilots, or more Asian pilots than African pilots (provided you know this information). The laws were brought in to protect older employees but the reverse is also true.
Pilots can't chop & change jobs as easily as some.
That is soley due to the seniority lists which:
1. Are due to the pilots themselves. I'm sure most airline managers would like to rip them up.
2. Seniority lists are, at least in the UK, are open to a challenge in the courts given the new age discrimination laws - i.e. you cannot sack your youngest employees when you are downsizing, just in the same way you cannot sack more women pilots as men pilots, or more Asian pilots than African pilots (provided you know this information). The laws were brought in to protect older employees but the reverse is also true.
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Overstress,
I think you will find that a pension scheme in serious deficit will definately not stay intact if the company goes.
Not suggesting for a minute that you shouldn't fight for what you were promised, just offering a reality check that the stakes are very high indeed for those not yet drawing their pension.
I think you will find that a pension scheme in serious deficit will definately not stay intact if the company goes.
Not suggesting for a minute that you shouldn't fight for what you were promised, just offering a reality check that the stakes are very high indeed for those not yet drawing their pension.
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a reality check that the stakes are very high indeed
BA is one of the world's most profitable airlines and the management seem not to realise that loyal, motivated pilots are essential to that.
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4468 Because operating out of Heathrow on a daily basis means the operation would grind to a halt if it wasn't for the goodwill of the pilots. It would now seem that we have shot ourselves in the foot though, as it would now appear that this "going the extra mile" and working beyond our contractual agreements now form part of "custom and practice" and that if the pilots now try and work to their contractual limits, we will be in breach of contract.
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going the extra mile,motivated pilots,mmm words 
c'mon you paper tigers put your money where your mouth is strike
oh yeah ww in times couple of months ago was confident the pilots will not go on strike, i am begining to belive him
c'mon you paper tigers put your money where your mouth is strike
oh yeah ww in times couple of months ago was confident the pilots will not go on strike, i am begining to belive him