Socialist Worker

Unions must fight attacks

Issue No. 2152

Fujitsu, the giant computer and IT corporation, has announced it will close its final salary pension scheme to 4,000 employees.

The company made £177 million profit last year. The news was splashed on the front page of the Financial Times, giving the green light to other companies to rip up their pension schemes.

The Unite union condemned the move and pledged to resist it. It follows the company imposing a 12 month wage freeze, a 15 percent pay cut on contractors and a cancellation of all bonuses.

A third of British companies imposed a pay freeze last month. Some 8,000 workers at the defence research company Qinetiq have had a pay freeze forced on them after the company broke off all talks with unions last month. Unite, Prospect and the GMB unions are now balloting for action.

Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Article information

Tue 19 May 2009, 19:01 BST
Issue No. 2152
Share this article

Mobile users! Don't forget to add Socialist Worker to your home screen.