Responding to today’s (Thursday 7 September) 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.
“Instead of certainty many will now face uncertainty as their retirement approaches. We would expect better treatment of its own staff from such a ‘premium brand’.
“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.”