We are not happy with the pension proposals put forward by BA and part of the meeting today (Wednesday) was to say why. But, equally, we were clear today was the first in a long series of meetings. We expect the negotiations to be both lengthy and complex.
The proposal as presented to the (union) today is both unfair and unacceptable and does not represent a starting point for negotiations. This may be legal, but is morally wrong. This change alone has the effect of reducing existing pension pots by 13,300 pounds ($23,000) on average.