Airport workers face pensions fight
On 26 November, National Air Traffic Services (NATS) staff were faced with a grim announcement from management: their Defined Benefit pension scheme was in deficit to the tune of £1bn, and threatened to bring down the company (again). Part of the solution is a change from RPI to CPI, following the well-worn path of the public sector. In a letter sent to the homes of all 4,500 employees, the CEO assured members that there will be “measured and proportionate contributions from all stakeholders”, though no details have been given as to how any other party is to contribute. Despite management’s...