Firms slash jobs to meet soaring costs
UK - Major firms are being forced to cut jobs to pay for spiralling pension costs. And employers warn the trend will continue unless employees and the government share the burden.
British Airways said it would lay off up to 5000 workers after its final salary scheme costs escalated to £133m a year. Royal Mail is also set to cut 3000 jobs by the end of March – part of a 30,000 cull...
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