Feeds

Fujitsu Services shuts final salary pension scheme

It's the final countdown

Next gen security for virtualised datacentres

The union Unite has condemned the decision by Fujitsu Services to shut its final salary pension scheme.

The scheme was closed to new entrants in 2000, but the company will now start a 90 day consultation with the 4,000 staff who are still members from today.

Peter Skyte, Unite national officer, said: “Fujitsu Services is a highly profitable company and made £177m profit in the last financial year...We will be mounting a robust campaign to persuade the company to think again.”

Fujitsu said it regretted the move but it was a necessary prudent measure to help the company manage the pension risk. It is negotiating with the pension committee and the union Unite.

The decision is unlikely to go down well with staff. Contractors were forced to take a 15 per cent pay cut last month, whilst permanent staff were told in March there would be a company-wide freeze on pay this year after being told all that bonuses had been cancelled last year. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.