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ESB Group of Unions meeting

Date Released: 21 November 2013

The ESB Group of Unions will meet to consider its members recent vote for industrial action in Wynn’s Hotel, Abbey Street, Dublin, on Friday (22nd November).

At the meeting a request from the senior management of the ESB to meet with the Group of Unions will be discussed.

In a ballot which was counted on Monday (18th November), ESB workers voted by a majority of 87.5% to 12.5% to take industrial action in a dispute arising from a €1.6 billion deficit in the pension scheme at the semi-state company.

Among the approximately 240 SIPTU members in the ESB workforce of several thousand the vote in favour of industrial action was 97% for and 3% against.

Workers oppose the company's decision to pay a dividend of €78m to the State during the summer while the pension deficit remains outstanding. They also oppose the possible payment of a special dividend of €400m to the Exchequer following the sale of some ESB assets.

The management of the ESB claims that following a restructuring of the pension scheme in 2010, under which the company contributed €591m, it no longer has responsibility for the deficit.


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