UK. Losing pension drives BMW workers to strike
UK workers employed at the BMW plants have voted to strike in a fight over pensions, the Unite union has announced.
These workers employed for making Rolls-Royce and Mini engines are planning to strike as their final salary pension scheme is being closed.
The union said the proposed order would mean that some UK workers “lose up to 160,000 in retirement income”.
Timeline 27 Sep 2016 BMW says come 2017 old pension schemes to close
BMW, the German car giant announced its plans to close its two final-salary pension plans for almost 5,000 employees in Britain.
BMW said that the high pensions had made business ‘unsustainable’.
It further revealed that from June 2017 it planned to “close its two defined-benefit pension schemes to future contributions” and substitute workers over to its less bountiful contribution pension scheme.
Full Content: MenaFM
