https://www.unitetheunion.org/news-events/news/2021/june/ge-workers-strike-ballot-on-the-cards-over-swingeing-cuts-to-their-retirement-incomes/
Linda McCulloch wrote: “The handling of this situation from the GE management side has been utterly abysmal and the blatant refusal to engage in a proper negotiation with Unite officials is nothing other than a display of arrogance and contempt for the thousands of Unite members that work in GE.
“It really is no wonder that there is such a degree of anger amongst the workforce and such a low level of morale. This will doubtless display itself in a high level of attrition in the future.
“To take advantage of the Covid-19 crisis and attack employees’ pensions while they feel vulnerable is disgusting and shameful behaviour, particularly when GE is still in an extremely healthy financial situation.”
Commenting Unite national officer Rhys McCarthy said: “What the company is proposing is a savage blow for the 2,600 workers still in the defined benefit scheme, many of whom have given decades of loyal service and who are now coming up to retirement.
“To be faced with a financial ‘hit’ which, in some cases, will amount to a loss of more than £11,000 a year in their retirement income is completely unacceptable.