No it isn't, what RR failed to mention in their carefully scripted press leak (before briefing the workforce) is that they are also expecting the workforce to accept a 10% pay cut to make them "more competitive" this at a time when the C.E.O has awarded himself a £3 million Bonus!
The offer is 4% on the basic pay, plus a 2k one off payment. Then a 10% reduction!
Classic case of fake news.
In situations like this, you need to ask yourself why the C.E.O. has seen fit to release a confidential pay proposal to the press before its been discussed with the trade unions or the workers.
There is always far more to the story than meets the eye. But by putting it out in the way it reads, it makes it look like RR is a compassionate and caring organisation, which I can assure you isn't the case with its current board.