Nearly 200 Sainsbury drivers will cause “substantial” disruption today (June 20), when they walk out on their Merseyside distribution centre in a pension row that could cost them tens of thousands of pounds, claims Unite the union.
Pensions remain “the biggest strategic issue for the food industry”, experts suggested, following the launch by the government of auto-enrolment pensions today (October 1).
A deal that will see Uniq tackle its gaping pension fund deficit by handing over more than 90% of its shares to its pension scheme has finally been cleared after months of negotiations.
Uniq has unveiled plans to tackle the £436m hole in its pension scheme with a deficit-for-equity swap that will deliver 90% of the company's equity to the pension fund.
