Socialist Worker

Threat of ballot brings bosses to table over pensions

Issue No. 1951

The threat of a strike ballot by 900 workers at Grampian Foods meat processing firm has forced bosses to back down over threats to axe their final salary pension scheme by the end of the month.

The workers, members of the T&G and Amicus unions, have been in dispute over plans to change their pension scheme without proper consultation. This would have effectively ended the workers’ final salary pension schemes on 31 May.

But after workers in Suffolk, Deeside and Scotland voted strongly in favour of industrial action in an indicative ballot, management has been forced to drop the 31 May deadline.

The company has agreed to set up a working party on pensions. Unions aim to keep the final salary schemes.

lTrade unionists and retired workers who have been robbed of their pensions marched in central London last week to put pressure on the government to act.

The march was organised by the T&G, Amicus and GMB unions. Around 80,000 workers from 400 companies have lost all or part of their pensions when their companies have gone under.


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News
Sat 14 May 2005, 00:00 BST
Issue No. 1951
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