Largo Foods, the maker of Tayto and Hunky Dory crisps, is winding up the Tayto Group pension scheme, which had a deficit of close to €8 million, and has transferred its members to a new defined contribution scheme.
In 2012, the company began a consultation process with the members of the defined benefit fund, which had 330 members – 40 active members, 220 former staff members who had not yet reached retirement age, and 70 pensioners.
The talks, which also...
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