{"id":9531,"date":"2016-08-15T17:02:36","date_gmt":"2016-08-15T16:02:36","guid":{"rendered":"http:\/\/unitelive.org\/?p=9531"},"modified":"2016-08-15T17:02:36","modified_gmt":"2016-08-15T16:02:36","slug":"sweet-victory","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=9531","title":{"rendered":"Sweet victory"},"content":{"rendered":"
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An agreement covering 7,600 UK employees of food and drink giant Nestl\u0102\u00a9 has been agreed with the Unite and GMB trade unions.<\/p>\n

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The agreement (which is subject to trustee approval) will safeguard the future of the company\u00e2\u20ac\u2122s career average defined benefit scheme.<\/p>\n

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Members of the trade unions voted overwhelmingly to accept the package after a year\u00e2\u20ac\u2122s negotiations.<\/p>\n

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The deal also includes a two-year three per cent pay rise for production workers for 2016 and 2017 designed to lessen the impact of the increased contributions for employees.<\/p>\n

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\u00e2\u20ac\u015bThis pension package, accepted overwhelmingly by the workers, secures the future of the career average pension scheme, which a year ago was under threat,\u00e2\u20ac\u0165 said Unite national officer for food and drink Julia Long.<\/p>\n

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\u00e2\u20ac\u015bA lot of hard work went into safeguarding members\u00e2\u20ac\u2122 pension provision at Nestl\u0102\u00a9 at a time when company pension schemes in the UK are under a great deal of pressure,\u00e2\u20ac\u0165 she added.<\/p>\n

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Dame Fiona Kendrick, CEO & chairman of Nestl\u0102\u00a9 UK & Ireland said that the matter of pensions was \u00e2\u20ac\u015bhugely important to Nestl\u0102\u00a9.\u00e2\u20ac\u0165<\/p>\n

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\u00e2\u20ac\u015bAnd that\u00e2\u20ac\u2122s why it was imperative that we undertook a comprehensive and wide ranging consultation process on the changes that we proposed in July 2015,\u00e2\u20ac\u0165 she noted.<\/p>\n

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\u00e2\u20ac\u015bWe have always been serious about listening to our employees and working closely with the trade unions. We are pleased union members have accepted the revised company position on pensions (subject to trustee consent) which includes retaining a core defined benefit arrangement,\u00e2\u20ac\u0165 Kendrick added.<\/p>\n

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The Nestl\u0102\u00a9 employees affected work at UK head office in Gatwick, York, Dalston in Cumbria, Fawdon in Newcastle upon Tyne, Girvan, Halifax, Tutbury and Buxton in Staffs, Rickmansworth, Welwyn Garden City, Bromborough in Wirral, Staverton near Trowbridge, Sudbury in Suffolk, Wisbech in Cambridgeshire, Aintree and Brunswick Business Park in Liverpool.<\/p>\n

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The main points of the package include a career average defined benefit pension based on an 80th accrual for all existing members; introduction of a salary cap for defined benefit pensionable earnings of \u00c2\u014145,000 indexed to the consumer price index; normal pension age linked to state age of retirement as well as closure of the scheme to new Nestl\u0102\u00a9 employees from July 1, 2016.<\/p>\n

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Current Nestl\u0102\u00a9 employees, who are not currently members of the defined benefit scheme, will be given a final opportunity to join.<\/p>\n

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An agreement covering 7,600 UK employees of food and drink giant Nestl\u0102\u00a9 has been agreed with the Unite and GMB trade unions.   The agreement (which is subject to trustee approval) will safeguard the future of the company\u00e2\u20ac\u2122s career average defined benefit scheme.   Members of the trade unions voted overwhelmingly to accept the package […]<\/p>\n","protected":false},"author":1,"featured_media":4634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[569,270],"wps_subtitle":"Nestl\u0102\u00a9 workers agree new pensions deal","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/9531"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9531"}],"version-history":[{"count":1,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/9531\/revisions"}],"predecessor-version":[{"id":9532,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/9531\/revisions\/9532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/media\/4634"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}