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Latest News

Workers threaten legal action over pension schemes closure

by Personnel Today 3 Jul 2002
by Personnel Today 3 Jul 2002

Almost
1,000 employees have threatened the Big Food Group with legal action after it
closed its final salary pension scheme to existing members.

Staff
at the company have hired lawyers and claim the firm has breached trust and
confidence by ending the pension scheme for existing staff.

The
firm, formerly known as the Iceland Group, has hit back claiming it had no
choice and the move ensured the future of the business and its 30,000 strong
workforce.

Several
companies have recently closed final pensions and replaced them with less
costly schemes, but in most cases it is only new employees who have been
affected.

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www.salans.com  www.thebigfoodgroup.com

By Ross Wigham

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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