Harrod's workforce shocked by pension cut plans

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UK - The Harrods Group's plan to shut its final salary pension scheme to new and existing workers in April 2006 has shocked its workforce, said the Transport and General Workers Union (T&G).

According to the union, the 1,500 current members of the DB scheme have been told that a deficit of £111m has proved too much for the company and so from the next tax year they will be paying into...

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