ESB agrees €90m pension scheme deal with staff

The ESB has agreed a landmark €90 million deal with staff to plug the hole in the company's pension scheme and kick-start talks on a new programme of reform at the company.

31st December, 2005

The ESB has agreed a landmark €90 million deal with staff to plug the hole in the company's pension scheme and kick-start talks on a new programme of reform at the company.

Staff at the state-owned company are to receive a special pay allowance of €1,000 each to boost their own pension contributions over the next four years. As well as this, all 8,000 workers at the company will receive a once-off lump sum of...

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