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Possible Pension Cuts at Nestle

Possible Pension Cuts at Nestle

2:31pm 22nd March 2010

Potential cuts to pension benefits at Nestle leaves workers saying "it takes the biscuit".

The chocolate company, who's HQ is based in York, has now formally entered a 60 day consultation period.

According to the GMB Union proposal include:

  1. Scapping the existing pension scheme.
  2. Increasing members contributions.
  3. Cutting the value of Nestle's pension provision by 30%.

Union officials are to meet with boss from the company next week.

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