Asda is facing heat from two major workers’ unions over proposed changes to its staff pension scheme. Asda is reportedly in the midst of a 60-day consultation period over proposals that includes cutting the contributions it adds to staff pensions to the legal minimum, giving staff less choice about saving for their retirement, and the death in service provision being reduced from four times pay to one times pay for everyone. Union leaders from GMB and Usdaw believe the proposed changes mean thousands of low-paid Asda workers will be worse off.
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Asda’s proposed pensions changes under fire from unions