1.0
Aug 16, 2009
No respect over C-plan pensions. IBM youngsters, I fear you're next to be attacked.
Current employee
Hursley, England
Recommend
CEO approval
Business Outlook
Pros
Currently, the brand image is trading high.
Cons
Pensions have been attacked in a most vicious and calculating way in the UK. If the senior exec managemtn team is allowed to get away with this attack on 50+ year olds then they can get away with a subsequent attack on the youngsters that are contributing to a different pension scheme. Brendon Riley has shunned the very people that re-built this company in the 90's by telling them that the final salary pension scheme that formed a part of their compensation package is to close and the penalties for early retirement from april 2010 onwards will be punitive. In my lifetime I would have to work an extra 6 years to make up for this cold calculated attack on my trust.