UK - Brambles Industries has merged its four medical plans for UK-based employees into a single scheme.
It said the four schemes – which cover approximately 800 senior employees within its CHEP and Cleanaway subsidiaries – had been merged in a bid to improve efficiency and cut costs. Private medical insurer BUPA has been appointed to provide the medical plan and it was assisted by Phoenix Healthcare.
Group pensions manager Ralph Turner said the move was part of a wider examination of Brambles’ various benefits packages,
He explained that Brambles was reviewing its benefits structure as it was a “fairly new” entity in its current form. The firm took complete control of CHEP and Cleanaway in 2001, which were formerly joint ventures with engineering giant GKN.
Turner said: “My brief is mainly pensions, but I am now looking at other things. But the only thing I’ve seriously looked at so far is the medical plans in the UK. Brambles had four separate plans and we’ve merged them into one to gain cost efficiencies and savings.”
CHEP is a provider of pallet and plastic container pooling services. It issues, collects, repairs/washes and reissues more than 200m pallets and containers from a global network of more than 550 service centres in 40 countries, helping manufacturers and growers transport their products to distributors and retailers.
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