UK Union Claims Harrods is Strike Target
The union, which represents 100 members at Harrods, has accused the store of replacing the existing final salary pension with an “inferior money purchase scheme,” according to an IPE.com news report.
For its part, Harrods insisted it has been involved in consultations and remains “fully committed to the individual one on one consultation process so that our employees can be best advised on their future pension planning needs.”
Harrods last month announced its decision to
shut its final salary plan to new and existing
members in April, and open up a defined contribution
program (See
Harrods joins UK
DB to DC Trend
). The scheme deficit stands at £95m, according to
the IPE report.
However, the union continues to insist that
pension officials have turned away their negotiation
requests.“Amicus has put forward a number of alternative
proposals which would address the deficit and
maintain a decent pension for staff, but to date
Harrods has refused to negotiate with the union and
plans to impose the new scheme in April,” said a
union
statement released Monday
.