Today, hundreds of Unilever workers converged on the company HQ in London to protest against the 'downgrading' of their pension schemes. The protest is the first action in a fight back against Unilever, which is set to escalate to a series strikes accross the UK in the coming months. Unilver, who want to win the race to the bottom, believe the pension reforms will ensure their scheme is sustainable and competetive. Where have I heard that one before?
The launch of what unions have labelled an 'indefinite' strike in Nigeria, has led to many injuries and deaths as security forces clash with strikers and protestors. Despite Nigeria having substantial oil reserves, petrol prices have more than doubled in a week, in a country where the vast majority of the population live on less than $2 a day.
Royal Dutch Shell, one of the largest and most profitable companies on earth has announced it is closing its pension scheme for new UK employees. This is despite having record high share prices, a turnover of over £360 billion, and having much more money paid into the pension scheme than is taken out. Shell has one of the most financially sound schemes in the UK, with a £1.1 billion surplus. There needs to a be a genuine joining up of pension campaigns between the private and public sectors.