Members fight for final salary scheme
The scheme members remained in the Akzo Nobel (CPS) pension scheme until June 4 2003, when the workforce was told that four units were to be placed into a holding company called Corsadi. Ian Hawley, a Transport & General Workers Union works convener and a member of the scheme, said: "Akzo s...
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| Published in | Sunday telegraph (London, England) |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
London (UK)
Daily Telegraph
16.05.2004
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| Online Access | Get full text |
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| Summary: | The scheme members remained in the Akzo Nobel (CPS) pension scheme until June 4 2003, when the workforce was told that four units were to be placed into a holding company called Corsadi. Ian Hawley, a Transport & General Workers Union works convener and a member of the scheme, said: "Akzo says the cost of meeting its pensions obligations is too expensive, but this would only be true if the scheme were to be wound up. The scheme is in surplus and [the company] has taken a pensions holiday [made no contributions] for almost 14 years." |
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| ISSN: | 0307-269X |