Argos workers in Basildon strike over pension cuts (From Basildon Recorder)
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Argos workers in Basildon strike over pension cuts
10:31am Wednesday 19th September 2012 in News
DOZENS of retail workers are taking to the picket lines in rows over pension cuts.
Scores of staff members at Argos in Pipps Hill Retail Park, Basildon, have gone on strike in a bid to fight changes to their pension entitlement.
The protest began at 6am this morning and will continue for a further four days.
It follows the announcement that workers' pension entitlement, which is under Argos’ control, will gradually be cut from the original final salary scheme, creating a shortfall of what could be tens of thousands of pounds for some employees.
Comments(10)
Nebs
says...
2:07pm Wed 19 Sep 12
andy:)
says...
3:12pm Wed 19 Sep 12
Nebs wrote:Maybe..but companies took people on with a promise of such a pension.
Final salary pension schemes are not sustainable.
paulzone
says...
3:13pm Wed 19 Sep 12
Nebs wrote:Do you know what ur talking about a hole
Final salary pension schemes are not sustainable.
EthanEdwards
says...
3:47pm Wed 19 Sep 12
Final salary pension schemes are not sustainable Nebs is spot on.
Usually the employee receives some token compensation to more to a money purchase scheme. Maybe this dispute is to squeeze more compensation..who knows.
It's a free market economy if these people don't want the new conditions they are totally free to sell their Labour to another employer. There's lots of unemployed who do want the jobs I'd guess.
It's pretty much only public sector workers now who get these golden pension deals and thats because they are subsidised by us taxpayers...at the moment.
perini
says...
4:25pm Wed 19 Sep 12
beyond the valley of the asbos
says...
4:52pm Wed 19 Sep 12
leslog
says...
5:14pm Thu 20 Sep 12
leslog
says...
5:52pm Thu 20 Sep 12
EthanEdwards wrote:people like you would have working conditions return to queen Victoria days these conditions were obtained by others to improve the lot of working people I would bet you have never had to fight for a condition of work in your life
Things change, smart people know that. Fossilised dinosuars like Unite, Unison, NUM, the TUC etc do not appear to notice it.
Final salary pension schemes are not sustainable Nebs is spot on.
Usually the employee receives some token compensation to more to a money purchase scheme. Maybe this dispute is to squeeze more compensation..who knows.
It's a free market economy if these people don't want the new conditions they are totally free to sell their Labour to another employer. There's lots of unemployed who do want the jobs I'd guess.
It's pretty much only public sector workers now who get these golden pension deals and thats because they are subsidised by us taxpayers...at the moment.
bluefalcon
says...
5:56pm Thu 20 Sep 12
leslog wrote:not face redundancy....but have Contracts Terminated
many of the staff were taken on under the final salary scheme ,it may be all right to take on staff under different pension arrangements ,but not switch workers who may have stayed only because of the pension entitlement to some scheme where they will get less than they had planned then have to rely on the state for any top up,this is just another case of workers conditions being taken away I also understand ,they are being forced to accept these new terms or face redundancy
xxxdave says...
12:30pm Wed 19 Sep 12