Royal Mail has made a major corporate decision regarding pensions that is not expected to sit well with the 130,000 employees dedicated to the company .
Royal Mail is planning to close their final-salary pension scheme to all employees, further adding to current unrest and dissent amongst employees who want more pay and better working arrangements.
The new pension scheme will be very different, and include raising the retirement age by several years. Closing the pension scheme to all employees is regarded as particular harsh, and could face watchdog censure.
The unions are understandably up in arms, and the PO could now face a wave of strike action over the decision. The PO will also increase retirement age from 60 to 65, a further cause for concern for their workers.
Royal Mail will close some pensions schemes
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Royal Mail will close some pensions schemes
Wed, 26 Sep 2007
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