Thursday 21 May 2009

Fujitsu pensions fight - a wider significance

UNITE members at Fujitsu are campaigning to protect their (ICL Defined Benefit) pension scheme, following the announcement by the company of its proposal to close it.

You might have the impression that this sort of thing is going on all the time - but you would be wrong. Fujitsu is the first of a new wave of companies trying to cut pensions. It's not likely to be good news when your employer makes the front page of either the FT or Professional Pensions - never mind both.

This comes after we were hit by Nortel going into administration, as they ran the pension scheme for our older pensioners.

The outcome of our efforts to defend our pensions (and to overturn a pay freeze) against a profitable company could shape the fate of pensions for employees far beyond Fujitsu.


Anonymous said...

as a former employee but still a member of Unite I was saddened to hear this news. Does anyone know whether this will impact former employee pension benefits and if so how?

Ian said...

It shouldn't impact on people who aren't currently contributing to the scheme. For more information and updates, see