Press Release

SIPTU concerned at Eason’s decision to ‘wind up’ pension scheme

Date Released: 24 July 2013

SIPTU has expressed concern at the announcement by Eason and Sons Ltd that the company intends to ‘wind up’ its Defined Benefit Pension Scheme.

SIPTU Organiser, Graham Macken, said: “This announcement by Eason’s that it intends to ‘wind up’ its Defined Benefit Pension Scheme will affect approximately 40 manager grade employees at the company.

“The announcement came as a shock to the workers affected. It was also very unsatisfactory that the workers’ union, SIPTU, was not contacted by the company to discuss this issue prior to an announcement to staff yesterday.”

He added: “It has been claimed that the company was unaware that SIPTU represented the grade of staff affected. This is despite the fact that union representatives have been involved in extensive negotiations in the past which secured some cost saving measures in relation to this scheme.”

“SIPTU will be seeking immediate talks with the company to seek clarification on its proposals and discuss the ramifications for those concerned.”


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