Financial Times FT.com

Short action can have wide impact

By Andrew Taylor, Employment Correspondent

Published: April 26 2008 03:00 | Last updated: April 26 2008 03:00

Unions are used to railing, mostly unsuccessfully, ag-ainst the closure of final salary pension schemes for new employees. So why should plans to restructure pension arrangements at one of Britain's biggest oil refineries have caused so much uproar?

The answer is that this industrial action has the potential to upset the economy in the same way that miners and power station workers were able to hold the country to ransom in the 1970s.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this