Harrods pension scheme closure sparks strike threat

London’s Harrods department store is facing a strike in a row over changes to its pension scheme.

The store proposed closing the final salary pension scheme to existing and new employees from the start of April.
Engineers and other workers, including electricians who service the lifts, may strike while distribution staff are also considering industrial action.

Harrods said the cost and volatility of the final salary scheme presented “an unacceptable future risk”, and said it needed to secure current entitlements and reduce the risk of bigger future deficits.

But Amicus, which represents 100 engineers and maintenance workers at the store, said it had put forward other proposals to cut the shortfall, but Harrods had refused to negotiate.

The union said it will consult members this week on whether they wanted to hold a strike ballot.

Pensions Watch

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