Feeds

Fujitsu Services shuts final salary pension scheme

It's the final countdown

Choosing a cloud hosting partner with confidence

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. ®

Intelligent flash storage arrays

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.