Unilever's U.K. factory staff to meet this weekend to discuss campaign against company, which is scheduled to close its final-salary pension plan in exchange for career-average pension plan

LOS ANGELES , January 31, 2012 () – A group of union workers comprised of staff from Unilever’s U.K. factories will meet this weekend to discuss their campaign against the company, which is scheduled to close its final-salary pension plan in exchange for career-average pension plan, BBC News reported on Jan. 30.

Unilever employees said the career-average pension plan will reduce the amount of pension funds paid to employees.

Unilever said its pension fund was in a £680 million (US$1.07 billion) deficit as of March 31, 2010. The company also said the career-average pension plans are “quite generous.”

The primary source of this article is BBC News, London, England, on Jan. 30, 2012.

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