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. ®

Remote control for virtualized desktops

More from The Register

next story
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
'Cleantech' a dirty word for VCs? RUBBISH!
They just think the current schemes are terrible
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.