UK - Unite is set to conduct a consultative ballot on industrial action over pay and pensions involving as many as 2000 of its Fujitsu members.
The union said around 4000 Fujistsu employees in its defined benefit pension scheme are affected by the company's plans to close the scheme to future accrual.
Unite said the plan will lead to the company dismissing employees after the end of the consultation period in September and offering them employment on new contracts with altered pension arrangements.
It said the proposed pension scheme changes would reduce the total pay package of each employee by at least 15%.
Unite national officer for IT and communications Peter Skyte said: "Fujitsu Services is a highly profitable and successful company which is seeking to take advantage of the recession to attack pay, pensions and conditions."
Skyte added: "The company is indicating a willingness to constructively consider alternative pension options identified by representatives.
"We are insisting that the company should increase pay and provide decent pensions for all its employees.
"Our position is to protect the defined benefit pension scheme. Any changes which reduce financial risk to the company at the expense of members should be compensated for accordingly."
This comes as Barclays staff are due to be balloted for industrial action over the bank's plans to close its final salary scheme to future accruals (Global Pensions: June 4, 2009).
Trade union Unite, which represents over 25,000 staff within Barclays, said its members were "incensed" at the proposals - noting 92% of staff said they wanted to be balloted on industrial action in a consultative poll.
Unite said it would hold the ballot this month, with potential strike action taking place across the bank in September.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.