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Article: Unions hail final salary pension scheme victory ScottishPower backs down over plan for new workers
- Article from:
- Evening Times
- Article date:
- February 16, 2006
- Author:
CopyrightCopyright 2006 Evening Times. Provided by ProQuest LLC. (Hide copyright information)
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SCOTTISHPOWER has bowed to pressure and abandoned plans to close
its final salary pension scheme to new members.
The utility giant has also scrapped attempts to force thousands of
workers already in the scheme to stump up bigger contributions.
Union negotiators are hailing it as a double victory and say the
agreement will be an industry benchmark.
The Glasgow-based electricity and gas supplier sparked fury when
it announced its controversial plans last month.
Furious union leaders threatened to hold strike ballots over the
proposals.
Talks were held before a breakthrough two days ago at a joint
summit by five unions.
Its 100 delegates voted overwhelmingly to back a new package,
which ...