The purpose of this blog is to provide analytical commentary on formal and informal labour organisations and their attempts to resist ever more brutal forms of exploitation in today’s neo-liberal, global capitalism.

Showing posts with label pension cuts. Show all posts
Showing posts with label pension cuts. Show all posts

Thursday, 2 December 2021

Staff working conditions are student learning conditions – more than just a slogan!

Yet again, staff at universities across the UK are out on strike to defend their working conditions and pensions. Unsurprisingly, university management tries to pit students against staff. Students, however, are not falling for this. They realise that drastic cuts to staff pay and working conditions is mirrored in a deterioration in student learning conditions especially since the 2007/2008 global financial crisis.

 

Friday, 16 March 2018

UCU’s ‘Syriza moment’: Putting university managements on notice!

Despite strong support from the Greek people, in July 2015 the Greek government by Alexis Tsipras gave in and accepted major further austerity measures in exchange for a third bailout agreement with the Troika, consisting of the European Commission, the European Central Bank and the IMF (The Guardian, 13 July 2015). Against the background of a bitter dispute over cuts employers in British Higher Education (HE) want to impose on the USS pension scheme in pre-1992 universities (see Britain: Universities on Strike), here too, UCU negotiators felt they had no other option but to accept an agreement, which involved major cuts (see UCU ‘agreement’, 12 March 2018). Nevertheless, pushed by its members, UCU ultimately did not buckle and rejected the ‘agreement’. In this blog post, I will analyse the underlying reasons for this different outcome.

Sunday, 11 March 2018

Asserting power: The political economy of USS pension fund valuations.

The University and College Union (UCU) and the employers’ organisation of pre-1992 Higher Education institutions UUK are currently involved in an industrial conflict over plans by the employers to impose draconian cuts to the USS pension scheme. At the heart of the conflict is the valuation of the fund in 2017 by USS, apparently revealing a large deficit of about £6 billion, which needs to be addressed. In this post, I do not want to engage in economics arguments over how big the deficit actually is. Rather, I will focus on a political economy analysis of the actual struggle over who is in charge determining the criteria for the valuation in the first place. The valuation of the health of the fund is not an objective, economic task. It is ultimately a political decision on how to estimate the risk and especially on how to spread the risk across staff and employers

Thursday, 8 March 2018

Striking for USS: four ways university managements have misjudged the situation.

The University and College Union (UCU) and the employers’ association for pre-1992 institutions UUK are currently locked into a bitter battle over pensions in the UK Higher Education sector. Overall 14 days of strike action have been scheduled for February and March (see Lecturers on strike). To the surprise of the employers, support for lecturers on strike has been strong resulting in a fragmentation of UUK. The University of Oxford is only the latest in a line of universities changing their position (The Guardian, 7 March 2018). In this blog post, I will identify four ways in which the employers have seriously misjudged the situation.  

Monday, 26 February 2018

Lecturers on strike

On Thursday 22 February, lecturers at most universities in the UK went on strike. They also stayed on strike on Friday 23 February. They will continue to do so for three days this week, four days the week afterwards, and five days the week after that. In total, unless the dispute is settled in the meantime, 14 working days will be lost to industrial action in an industry that seldom sees action of any kind. In this guest post, Steven Parfitt reflects on the underlying reasons and wider implications for Higher Education in the UK.

Monday, 2 February 2015

The Great Pension Robbery – UCU unravelling!


Only three years after closing the final salary pension scheme of USS for new members of staff in pre-1992 Higher Education (HE) institutions in the UK, the employers returned to the table with new demands. This time they asked for cuts to staff members’ pensions of around 27 per cent. Initially, the University and College Union (UCU) responded forcefully and carried out a ballot for industrial action: 78% of union members who participated voted for strike action and 87% voted for action short of a strike. The turnout of 45% was the highest in a national higher education ballot since UCU was formed in 2006. And yet, in January 2015 UCU settled for a negotiated deal, which was only marginally better for members than the initial proposals by the employers. Instead of 27 per cent of cuts, many members will now face cuts of somewhere between 20 and 24 per cent. How could this happen? In this blog post, I will provide a critical assessment of this struggle, drawing also on my own experience as a member of the Higher Education Committee (HEC), where the crucial decisions were taken within UCU.