Originally Posted by
Pickles
It's not very difficult. They can come to you and ask you to renegotiate this perk. If you refuse, they could just fire you. It's as simple as that. In finance, it's employment at will, and if your employer wants to backtrack on some perk, they can ask you to agree to it or they'll just fire you.
So has this happened? Everyone talks of it but I personally have not known of any cases where a housing allowance is unilaterally stripped away. Existing plans are grandfathered.
Employer can't just fire you without cause, and especially if you did not want to renegotiate a contract.
Employer would be open to a suit of unfair dismissal.