UK - Workers at Peugeot's Ryton plant have accepted a last-minute pay offer which includes phased increases in their pension contributions.
The car manufacturer has agreed to stagger the one percentage point increase, which will take employee contributions from 4% to 5%
Rates will rise half a percentage point in October and a further half a point 12 months later.
T&G union national secretary Dave Osborne blamed management intransigence which led to a one-day strike at the plant last month.
He said: “This could have been sorted out weeks ago. It is only of late that common sense has prevailed on the part of management in tabling a new offer.”
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Graham Vidler has stepped down from his position as director of external affairs at the Pensions and Lifetime Savings Association (PLSA) after four years in the role.