Planned Coillte/Bord na Móna entity faces huge pension deficits

Government plans to merge Coillte and Bord na Móna will create a state body with combined pension deficits that run to hundreds of millions of euro.

27th July, 2013

Government plans to merge Coillte and Bord na Móna will create a state body with combined pension deficits that run to hundreds of millions of euro.

The retirement schemes of the two companies are fraught with legal, industrial relations and funding issues, and the sale of state assets has previously been earmarked as a solution to fill part of the hole.

Coillte's annual report, just published, shows that the market value of the...

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