I’m so very glad you wrote on this topic, one which impacts my colleagues and me: we work in a company that had it’s genesis in an erstwhile colony where such practices are common-place.

Applying the vestigial legal training I have acquired along the way I have been, very roughly, pointing folks at the contract variation arguments that you ably confirm in this post. Phew!

Mass termination and re-engagement of all employees of a Company of the size in mind would need the help of the Moses but I do not rule it out. Nor can I rule out the company going after fringe benefits and cars (all contractual, methinks)?

But I was one of the last few people to join on a final salary pension scheme. It’s two-fifths of a pittance of course but nevertheless tied to my final salary. I and others in a similar situation would be ill-advised to accept the cut if retirement is an option in the not too distant future.

So when the time come I will resist the duress, stand up and be counted. I suspect I may not be alone….

P¬)

PS – thinking of continuing my adventures in work-limbo in a blog of mine own, stay tuned…