Socialist Worker

Final salary pensions

Issue No. 1859

THE THREAT of strike action by bus workers on Wiltshire and Dorset buses has forced the company to withdraw its plan to shut the final salary pension scheme. The 460 workers, members of the RMT union, were due to strike last month. The workers will keep the final salary pension scheme and their contributions will increase by 1 percent to a total of 6 percent. The company's contribution to the scheme is 10.5 percent.


OVER 600 workers at Rhodia chemicals in the north west of England have voted to strike to keep their final salary scheme open to new members. GMB union members at the two Oldbury sites voted 70.7 percent for strikes industrial action and 95.5 percent at the Widnes site. The Amicus workers at all three sites also voted to strike. Rhodia has cut its contribution to the pension scheme from 18 percent of wages to 14 percent for the last three years.


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News
Sat 12 Jul 2003, 00:00 BST
Issue No. 1859
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