British trade union and American aviation giant clash over DB scheme closure

clock

Plans to close General Electric aviation's defined benefit scheme could halt production at the world's largest aeroplane engine producer after angry workers threatened strike action.

GE, the globe's number one manufacturer of plane engines, is currently in consultation over proposals to close its DB scheme to new members, increase employee contributions and introduce reforms to...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Lloyds completes three longevity hedging transactions, WTW acquires Cushon, TPR updates admin guidance

Professional Pensions
clock 12 December 2025 • 1 min read
News Digest: MPs pension scheme makes 'mockery' of Reeves investment push

News Digest: MPs pension scheme makes 'mockery' of Reeves investment push

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 12 December 2025 • 1 min read
Hymans Robertson sets out 2026 hopes for the pensions industry

Hymans Robertson sets out 2026 hopes for the pensions industry

Consultancy says insurance, decumulation and DEI will see changes

Jasmine Urquhart
clock 11 December 2025 • 4 min read
Trustpilot