Pension ballot result

The ballot of Unite members in the Defined Benefit pension scheme within the bargaining unit has concluded and the result is  as follows:

Ballots returned – 67.37%

In favour – 35.16%

Against – 64.84%

The company has been advised of the result.

Whilst this is a clear no vote against the company offer, the Unite in AXA National Company Committee  is of the view that although the company action is obviously hugely unpopular, that given the number of ballot papers not returned (over 30%) and the size of the no vote, it does not give a large enough mandate to enable us to consider any further action on this matter.

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