Today’s @guardian article on Tata Steel’s potential change to employee pension reminds us of two things: One, if allowed to go ahead, the flood gates will open. Who will be next? BHS? Two: What’s to stop Tata or other companies reneging on other agreed benefits (or pay, for that matter?) No one knows where this could end, and although the proposed pension re-structuring would be better than the Pension Protection Fund option, it’s still not good enough. Tata Steel, the government and the unions MUST work together to find a third, workable, employee friendly solutions to the Tata crisis.
Are you happy in your work? Do you love waking early up and striding into the office, with a coffee in hand and a feeling of eternal optimism in your heart? Or do you crawl out of bed in the morning, sluggish and uninspired, with a lack of motivation in your heart and no coffee in hand - partly due to your salary, which has been frozen in time for the past five years?