TITLE

BANK BALLOTS STAFF ON CHANGES TO PENSIONS

PUB. DATE
April 2008
SOURCE
People Management;4/17/2008, Vol. 14 Issue 8, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the successful balloting initiative by Clydesdale Bank concerning its plan to change its pension scheme. Staff voted in favor of implementing changes to the scheme though employer contributions had been reduced. Neil Leitch, employee relations manager, stated that the move was necessary because of a pension fund deficit that was equal to its annual profit.
ACCESSION #
32024749

 

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