Bernard Matthews pension deal questioned

Bernard Matthews pension deal questioned

A rescue package for turkey firm Bernard Matthews means employee pensions will be hit, a report for a committee of MPs has said.
The Commons Work and Pensions Committee was told the deal had been structured "to extract maximum cash from the company and dump the pension scheme".
The firm was sold to food tycoon Ranjit Boparan in September.
The new owners have previously given assurances to unions over pensions and job security.
The report, which was commissioned by the select committee, estimates the pensions deficit is now worth around £20m and is likely to receive about 1p in the... read more

10 October 2016 in Business, Views: 59
Source: BBC

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