Fujitsu staff to vote on industrial action

Employees at IT services firm Fujitsu are to be balloted on industrial action next week in a dispute about redundancies and the proposed closure of its final-salary pension scheme.

The Japanese company, which employs 12,500 people in the UK, had announced its intention in August to cut 1,200 jobs and close the defined-benefit pension scheme – which has 4,000 current members – for future accrual. The plans have angered the Unite union, which says they are unnecessary and the business is still doing well.
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission