02 April 2008
A postal strike looks likely following yesterday's vote by
postal workers. Two thirds of the Communication Workers Union's
141,000 Royal Mail members took part in the ballot. 92% rejected
the company's plans to close its final salary pension scheme to new
members and increase retirement age by five years to 65.
The proposed changes will include opening a new scheme that will
pay benefits based on career-average earnings and are aimed at
reducing the fund's £5bn deficit.
