Baker Hughes has defended planned changes to its pension contributions as reports say staff could face redundancy unless they agree to new terms.
The Press and Journal reports the firm, a major oil and gas employer in Aberdeen, has issued "formal advance redundancy notices" impacting more than 4,500 staff.
The new employment terms and conditions would see employer pension contributions cut by up to 25%, one worker told the P&J.
A Baker Hughes spokesperson said: “Baker Hughes regularly reviews its global benefit offerings to ensure that we remain an employer of choice, while also maintaining sustainable business practices.
“In the wake of a review that began in 2024, the company recently communicated an upcoming proposed change in pension plans which would align with the current offering to new hires in the UK from 1st August 2024.
“These plans would keep Baker Hughes within the top 25% of employers in the UK in terms of pension contributions.
“The HR1 form is statutorily required by the UK government. It was part of a broader communications package to our employees. This communications package provided additional context and background on this proposal.”