Speculation arises over TrinityMirror pensions

There
is speculation that the TrinityMirror Group could close its final pension
scheme to new staff after a confidential memo discussing a review was leaked to
the Financial Times.

The
FT claims the memo from Steve Addley, director of HR at TrinityMirror, prefaces
the review with a list of other big companies which have recently closed their
schemes.

The
FT says pensions are a sensitive issue at the group after it found out in 1991
that its owner, entrepreneur Robert Maxwell plundered pension funds.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Email

This field is for validation purposes and should be left unchanged.

Δ

The
memo reportedly says that TrinityMirror has "no pre-set conclusions"
in mind when conducting the review.

By Quentin Reade