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14-Aug-08 11:30 [Pensions]
Tube workers set to strike
It has emerged that around 1,000 maintenance workers from the London Underground are planning a 72-hour walkout after disagreements surrounding pay and conditions.

Staff from the Rail Maritime and Transport union (RMT) said that their strike would take place from noon on Wednesday 20th to Saturday 23rd August, with the possibility of a second taking place from September 3rd to 6th.

General Secretary of the RMT, Bob Crow, said that a vote for the action was passed with a margin of three to one, emphasising the want for members to get better pay and access to a final salary pension scheme.

He added: "Tube Lines has made enormous profits on the backs of our members' hard work, yet they seem to expect that they will accept an inferior deal on pay, pensions and conditions."

At the beginning of the month, the BBC reported the news of the RMT ballot taking place, with Mr Crow noting the tabling of an "inferior pay offer" for workers of the union.

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08-Jan-09 [Europe, Middle East and Africa]
Irish pension funds 'lose £25bn in three months'
The last 12 months have proven to be a very painful time for pension funds in Ireland, according to an investment consultant service's research this week. Find out more>
In response to a worsening situation on the high street, major retailer Marks & Spencer (M&S) has announced 1,200 job cuts and big changes to the current final salary pension scheme they offer. Find out more>
08-Jan-09 [Pay and Reward]
Over 5m 'working unpaid overtime'
The value of the hours of unpaid overtime in the UK is £26.9 billion, according to the Trades Union Congress (TUC). Find out more>

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