Unite’s Reaction to Aon’s Plans to Cut Pension Payments

LONDON - Unite, Britain’s biggest union, has today issued a stark warning that it will not tolerate employers who attempt to use a credit crunch as an excuse to attack workers’ pensions.

The warning follows Aon’s announcement that it intends to cut its contributions to workers’ pensions by up to half.

Unite’s joint general secretary, Derek Simpson said:

“Aon’s announcement has put us on standby and we will be keeping a careful eye on employers who may now try to use the credit crunch as a cover to permanently cut pension contributions. We will not stand idly by and allow the herd instinct to take effect.

“We are prepared to work with employers who face genuine difficulties by agreeing temporary measures to deal with the recession which is a temporary problem.

“The government should act to prevent other employers from following suit. It is imperative that when the recession comes to an end workers’ terms and conditions are not permanently eroded.”

Source: Unite the Union

Contact Ciaran Naidoo on +44(0)7768-931-315