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08/09/2017
Unions Demand Urgent Talks Over British Airways Pensions Closure
Unions are demanding urgent talks to take place over British Airways pension closure.
Responding to the announcement by British Airways that it intends to close its main defined benefit pension scheme (NAPS), Unite and GMB issued the following statement: "Unite and GMB within British Airways must express on behalf of our members and in the strongest possible terms, both our dismay and bitter disappointment at the news that British Airways has announced its intention to close its main pension scheme.
"Thousands of loyal and long serving staff, who have helped build British Airways into a world class flag carrier for this country and one of the most recognisable global brands, now face uncertainty in their retirement.
"Our team of financial analysts has worked tirelessly with the airline over the last few months to explore ways to keep the pension scheme open and secure it for the future.
"This announcement sadly confirms that our advice has gone unheeded and that we have been unable to convince British Airways that keeping the scheme open is the right thing to do, for both the company and its employees.
"Both unions jointly demand urgent talks to discuss both the impact of this announcement, if a solution can be found and, if not, the consequences the airline may face."
Responding to the announcement by British Airways that it intends to close its main defined benefit pension scheme (NAPS), Unite and GMB issued the following statement: "Unite and GMB within British Airways must express on behalf of our members and in the strongest possible terms, both our dismay and bitter disappointment at the news that British Airways has announced its intention to close its main pension scheme.
"Thousands of loyal and long serving staff, who have helped build British Airways into a world class flag carrier for this country and one of the most recognisable global brands, now face uncertainty in their retirement.
"Our team of financial analysts has worked tirelessly with the airline over the last few months to explore ways to keep the pension scheme open and secure it for the future.
"This announcement sadly confirms that our advice has gone unheeded and that we have been unable to convince British Airways that keeping the scheme open is the right thing to do, for both the company and its employees.
"Both unions jointly demand urgent talks to discuss both the impact of this announcement, if a solution can be found and, if not, the consequences the airline may face."
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