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Nestlé UK: unions successfully defend the pension scheme

24 August 2016 News
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UNITE and GMB have successfully defended the defined-benefits pension scheme which Nestlé intended to close and replace with a defined-contribution scheme.  

In July 2015, when the company first announced its intention, the unions sent a strong message to Nestlé that the proposal was unacceptable, that the “business case” was flawed and that they would defend their members’ rights and   interests whatever it takes. On 26 July 2016, the trade union membership voted  overwhelmingly in favour of a new negotiated proposal retaining the defined pension benefit scheme and including a 2-year pay deal covering all sites.