Fujitsu pay and pension correction

The news story in last month’s issue of Workplace Report (March 2010,) on the end to the long-running dispute at Fujitsu over pay and pensions misleadingly suggested that the union had negotiated a 5% payrise. In fact, the 5% is a payment offered in the pensions consultative forum for members who would lose out on changes to the defined benefit (final salary) pension scheme.

Subsequently, an improved offer has been made by Fujitsu of either a 10% additional employers’ contribution to the money purchase scheme or a 9.3% non-pensionable yearly cash allowance, calculated as equivalent to a 7.5% salary increase. The amount is still subject to further clarification of detail and the assurance to the union that the additional contribution or cash payment is contractual.