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17 July, 2005
The UK’s Transport & General Workers Union (T&G) says French-based Imerys has unilaterally decided to implement pension scheme concessions on its 2,500 UK workers. Without consultation with the union, the company says it will eliminate the final salary scheme for new hires and terms of the scheme for existing workers will be downgraded. T&G points out that Imerys “had taken a three-year pension holiday” from 2000-03 that cost the scheme £9 million. Imerys also announced it would cut 80 jobs in the UK by next spring.