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Strike threat over ITV pensions

23 November 2006

Trade unions at ITV have threatened to strike over plans to close the company's final salary pension scheme.

It was revealed last week that ITV is planning to shut the scheme to its 1,500 contributing members after closing it to new joiners in July.

ITV wants to replace it with one based on career average salaries to help reduce its pension deficit of £325m.

Three unions - Bectu, NUJ and Amicus - said they would ballot for strike action if the company pressed ahead.

"The company's profits are up and after a significant period of job-shedding through redundancies and outsourcing," said Bectu's assistant general secretary Gerry Morrissey.

"We are prepared to enter into meaningful negotiations with ITV, but we will not rubber-stamp its pension proposals and significantly worsen our members' employment package," he warned.

Any strike action would take place in the New Year.

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