Pensions blog

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Re: Nuclear winter of discontent?
This is the Blog I have ever done, but I feel the need to add my support and ask a question. I am not going to go into detail with how I feel with respect to the pensions and redundancy terms, other than to say I feel the same as the "Disallusioned Employee" (see above comment).  What I cannot understand is how is all this legal?  My understaning of a contract is that it can only be varied if both parties agree.  Why is this different?