UK - A strike at the Grangemouth oil refinery in Scotland is set to go ahead after discussions between petrochemical company INEOS and trade union Unite broke down yesterday.
INEOS claimed yesterday Unite had rejected its Advisory, Conciliation and Arbitration Service (ACAS) proposals to bring an end to the proposed 48 hours strike, due to start on Sunday.
It said it had offered to take all changes to the existing pension scheme off the table and make them the subject of a three month discussion on the basis that both sides would engage in meaningful dialogue, that the strike threat would be removed and that all future new employees would join a defined contribution scheme.
Tom Crotty, chief executive of INEOS Olefins, said: "We have done everything we can to help resolve this dispute.
"Our latest offer to suspend all proposed changes to the existing pension scheme is just another example of us bending over backwards to bring this conflict to an end."
However, Unite was yesterday urging its members to contact their MPs to ask them sign up to an Early Day Motion (EDM) to give their support to the 1,200 workers at the INEOS plant who were preparing to strike over their pensions.
New EDM 1391, first put down on 22 April, already has the support of almost 40 MPs. The Scottish Parliament has also had a motion submitted.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.