Morrisons plans to close salary-linked pension schemes

Shopworkers’ union Usdaw insists supermarket enter into a meaningful consultation regarding the change

Morrisons is planning to close its two salary-linked pension schemes in a move affecting about 8,000 workers at the ailing supermarket chain.

Letters consulting staff on the change, which could save Morrisons between £5m and £10m a year, were sent out on Friday, just weeks after rival Tesco announced it would be closing its own defined-benefit scheme.

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via Business Feeds