UK - BT's plan to cut 10,000 jobs by March will not affect the agreed changes to its defined benefit pension scheme, the Communication Workers Union says.
CWU said the announcement this morning that 4,000 direct jobs and 6,000 agency staff and sub-contractors are to lose their jobs by March next year will have no affect on the amendments to its DB scheme.
A CWU spokeswoman said the job losses and the proposals, which are now with members, are two "completely separate" issues.
The union's negotiations with BT have been on-going since May, with the aim to ensure the future sustainability of the DB scheme, keep it open for future services and increase contributions for its defined contribution scheme.
A statement on the changes said: "The proposed agreement would make significant changes to the BT Pension Scheme. However, it is important to stress that we have secured a series of positive changes to BT's original intentions. We have also secured significant improvements to the DC pension arrangements as part of this package of proposed changes.
"In the BTPS we have ensured that service before April 2009 remains linked to final salary, the retirement age rise is phased in and contribution rates are in future linked to income levels. For DC members we have improved BT's contributions and ensured that the lowest paid benefit the most."
CWU will be holding a consultative ballot of all members in BT, which is set to start the week commencing 24 November.
A BT spokesman said the majority of the 4,000 direct jobs losses would be in the UK but could not comment on how many employees from that group were in the DB scheme as redundancies would begin voluntarily.
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