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
Nevin Barich
LOS ANGELES
,
January 31, 2012
(Industry Intelligence)
–
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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