• From The BBC:

    Workers at Barclays are to be balloted for strike action over the closure of its final-salary pension scheme to existing members, the Unite union said.The ballot will be held in August, with potential industrial action taking place across the bank in September. Unite said workers were “incensed” at the proposals. In a consultative vote, 92% of staff said they wanted to be balloted on industrial action. Barclays accused the union of walking away from discussions. “Barclays stands by the security of pension benefits already built up by employees and is committed to ensuring that pension provision is sustainable, equitable and affordable,” the bank said in a statement.
    The union feels it has to make a stand on the Barclays closure plan as it is one of the most extreme cuts in pension schemes yet announced. Barclays wants to close its final scheme not only to new members but also to existing ones, which is a rare step. And the union fears that unless it challenges the plan, other employe…

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    Posted by Jon @ 3:39 am

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