Pensions Strike Threat at UK Meat Processor

by 5m Editor
12 September 2005, at 12:00am

UK - Meat union leaders are threatening to empty supermarket shelves of meat products in the United Kingdom if its members at Grampian Country Foods decide to go ahead with industrial action in a dispute over the closure of their final salary pension scheme. Ballot papers were sent out to members of the T&G union at Grampian, the U.K.’s largest meat processor, that supplies major supermarkets including Asda, Tesco, Sainsbury's, M&S, Iceland and Co-op with chicken, turkey, pork, lamb, and beef. Grampian has announced changes to the pension scheme, which the union says would effectively mean the closure of the final salary scheme to both new and existing members. The union says that the existing scheme’s replacement with a money-purchase scheme would leave the members worse off. Source: MeatNews

5m Editor