Update on industrial action - 16th and 19th March
We are disappointed that Unite, Unison and Prospect have asked their members to walk out for two days. Around a third of employees are involved, and we have plans to keep our services running as normal.
Many companies have found that final salary pension schemes have become much more expensive to fund and United Utilities is no exception. The costs of keeping our company scheme open are predicted to keep on rising to unsustainable levels.
The unions helped to shape the final version of the new scheme. Rather than scrap the defined benefit scheme as planned, we agreed to introduce a hybrid scheme, which will cost us considerably more. So, we have made considerable concessions already and hope that the unions will show a similar desire to compromise.