De Beers staff face pension freeze
Retired staff at the former De Beers industrial diamond plant in Shannon are facing a pensions freeze.
Retired staff at the former De Beers industrial diamond plant in Shannon are facing a pensions freeze.
The company, which changed the name of its industrial diamond division to Element Six in 2002, made pre-tax profits of €18 million in Ireland in the year to December 2004.
However, staff were told late last year that its pension scheme had a deficit of almost €90million and that changes to the scheme were necessary.
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
