UK - Union leaders have called a one-day strike at Peugeot's Ryton plant over pay and pension issues.
The workers voted earlier this month to support strike action after rejecting a two-year pay package from the company that would have seen the pension contributions of 4000 employees rise from 4% to 5%.
The strike will take place over four shifts between February 13 and 14.
Transport & General Workers’ Union national secretary for the car industry, Dave Osborne, said: “The company should take notice of the wishes of the workforce who are seeking an improved offer.
“The unions are ready and willing to talk at any time.
“We urge Peugeot to return to the negotiating table in order to reach a settlement and avert what could be a damaging dispute.”
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.