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TWO foreign-owned British water companies making hundreds of millions of pounds of profit out of their customers face strike action over plans to abolish their employees’ pension scheme, writes Peter Lazenby.
Northumbrian Water and Essex and Suffolk Water, owned by Hong Kong-based CKI, claim that the pension scheme is “unaffordable.”
Northumbrian Water alone made a £384.3 million profit in the 15 months to March.
Workers have already backed industrial action in a consultative ballot and will now vote on strike action from September 11.
GMB organiser Maxine Bartholomew said Northumbrian Water failed to “acknowledge the strength of feeling against the proposed changes, with union members voting overwhelmingly in favour of industrial action via a consultative ballot.”
