Argos workers in Basildon strike over pension cuts

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)

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12:30pm Wed 19 Sep 12

xxxdave says...

Well I will not be going there this week......
Well I will not be going there this week...... xxxdave
  • Score: 2

2:07pm Wed 19 Sep 12

Nebs says...

Final salary pension schemes are not sustainable.
Final salary pension schemes are not sustainable. Nebs
  • Score: 0

3:12pm Wed 19 Sep 12

andy:) says...

Nebs wrote:
Final salary pension schemes are not sustainable.
Maybe..but companies took people on with a promise of such a pension.
[quote][p][bold]Nebs[/bold] wrote: Final salary pension schemes are not sustainable.[/p][/quote]Maybe..but companies took people on with a promise of such a pension. andy:)
  • Score: 1

3:13pm Wed 19 Sep 12

paulzone says...

Nebs wrote:
Final salary pension schemes are not sustainable.
Do you know what ur talking about a hole
[quote][p][bold]Nebs[/bold] wrote: Final salary pension schemes are not sustainable.[/p][/quote]Do you know what ur talking about a hole paulzone
  • Score: -2

3:47pm Wed 19 Sep 12

EthanEdwards says...

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.
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. EthanEdwards
  • Score: 1

4:25pm Wed 19 Sep 12

perini says...

This is the thin end of the wedge - these people signed up to a final salary pension scheme and now Argos is reneging. I can understand if new hires have no FSPS but it's wrong to try and change existing employees t's and c's. Have you ever thought that some people stayed loyal to this company, and turned down higher wages elsewhere because of the pension scheme?
This is the thin end of the wedge - these people signed up to a final salary pension scheme and now Argos is reneging. I can understand if new hires have no FSPS but it's wrong to try and change existing employees t's and c's. Have you ever thought that some people stayed loyal to this company, and turned down higher wages elsewhere because of the pension scheme? perini
  • Score: -2

4:52pm Wed 19 Sep 12

beyond the valley of the asbos says...

the key word is gradually. don't like it - the back of the dole queue's over there....sorry it's a bit further over there now.
the key word is gradually. don't like it - the back of the dole queue's over there....sorry it's a bit further over there now. beyond the valley of the asbos
  • Score: -1

5:14pm Thu 20 Sep 12

leslog says...

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
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 leslog
  • Score: 0

5:52pm Thu 20 Sep 12

leslog says...

EthanEdwards wrote:
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.
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
[quote][p][bold]EthanEdwards[/bold] wrote: 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.[/p][/quote]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 leslog
  • Score: 0

5:56pm Thu 20 Sep 12

bluefalcon says...

leslog wrote:
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
not face redundancy....but have Contracts Terminated
[quote][p][bold]leslog[/bold] wrote: 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[/p][/quote]not face redundancy....but have Contracts Terminated bluefalcon
  • Score: 0

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