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Will employees turn on Tata Steel? #employees #reward #benefits #engagement #pay #jobs #career
Today’s @guardian article on Tata Steel’s potential change to employee pension reminds us of two things: One, if allowed to go ahead, the flood gates will open. Who will be next? BHS? Two: What’s to stop Tata or other companies reneging on other agreed benefits (or pay, for that matter?) No one knows where this could end, and although the proposed pension re-structuring would be better than the Pension Protection Fund option, it’s still not good enough. Tata Steel, the government and the unions MUST work together to find a third, workable, employee friendly solutions to the Tata crisis.