Former Alstom workers have pension hopes dashed again.
Despite assurances from Alstom, who sold the gas turbine site to Siemans last month, workers have discovered through a letter from David Curtis, Alstoms' International Director of Pensions, posted on the company's website that workers applying for early retirement faced a further 20% cut in their pensions.
Workers who retire before 65 already face pension losses of 30% and have been kept totally in the dark over the new plans.
Joint General Secretary Derek Simpson said:
"Workers are justifiably angry about their shrinking pensions packages and the fact that they have had no opportunity to be involved in negotiations on the future of their pension arrangements. Alstom have treated their former employees very shoddily."
The changes came into effect on 1st May and were discovered on the Alstom intranet pension website on 8th May 2003.
Only 5% of the 2,300 workers at the site carry on working until the age of 65 so these changes will make a massive difference to workers' pensions.
Siemans have said they are committed to working with Alstom and workers at the plant to find a solution to the scheme.
A delegation of six shop stewards from Lincoln are travelling to London on Monday to the office of the Alstom Pension Actuary, in the hope of talking to Alstom Trustees who are attending a meeting there.
The meeting takes place at Watson Wyatt, 21 Tothill Street at 10.30 am on Monday 19th May.
Amicus will also be protesting about workers pension cuts at the Alstom AGM on 2nd July.
For information contact Catherine Bithell on +44 020 7420 8909 or +44 07958 473 224