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Royal Mail labour union says workers vote to strike over pension plan

Reuters - UK Focus

Oct (Shenzhen: 000069.SZ - news) 3 (Reuters) - Britain's Communications Workers Union (CWU) said 89.1 percent of its members working in Royal Mail (LSE: RMG.L - news) voted to go on strike after it opposed the company's move to replace its defined benefit pension scheme.

The CWU informed Royal Mail last month that it would ballot more than 100,000 of its members over whether to take industrial action.

The CWU has said Royal Mail's move to replace its defined benefit pension scheme would result in members losing on average up to a third of their future pensions. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Greg Mahlich)