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Fujitsu set to close UK scheme

15 May 2009

Technology firm, Fujitsu is set to close its UK final salary pension scheme to existing members. The firm said a 90-day consultation with the pension members committee and trade union Unite about the proposals to close the scheme would begin today. The scheme was closed to new members in 2000.

In a statement, Fujitsu said: "Whilst this action is regretted it is a prudent step to enable us to manage the pension risk." However, the proposals have been condemned by Unite - which said some 4000 employees would be affected by the move and said they will be mounting a robust campaign to persuade the company to think again.

 

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