Labour Court Hearing Over Pfizer Pensions

Pfizer says it has been seeking to negotiate pension change since 2014
SIPTU is to attend the Labour Court today where the defined pension scheme for 350 Pfizer workers who are union members will be discussed....
The union, which represents the workers who are employed in the Ringaskiddy and Little Island plants, claims that Pfizer has been advocating a move away from the existing Defined Benefit scheme to an inferior Defined Contribution Scheme
SIPTU says the Defined Benefit scheme is a fundamental part of workers terms and conditions of employment and claims the company is attempting to cut future pension benefits for their members...
Pfizer says it has been seeking to negotiate pension change since 2014 and will continue to fund the existing Defined Benefit Scheme as the move to Defined Contribution is for future accrual only
More from Cork
-
Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
-
Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
-
International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
-
UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
-
Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
-
UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries