Rolls royce s announcement that it is planning to close its aerospace site in nottinghamshire and move work abroad has been slammed by union unite.
Rolls royce pension closure.
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The biggest scheme the rolls royce pension fund has already closed to new members and now the company is seeking to do the same with the two other funds.
Image caption earlier this year rolls royce said it was looking to axe 9 000 jobs across its global workforce.
By alan tovey industry editor 4 july 2020 9 30pm rolls royce is preparing to close its final salary pension scheme four years early to conserve cash as grounded aircraft pile pressure on its.
The company cited a significant fall in demand for its products and services.
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This could include the divestment of his spanish company itp aero which was the subject of a failed sale to indra last summer rolls closed its lavish last salary pension plan to new members in 2007 but still has nearly 10 000 employees who still contribute to the plan.
Rolls royce pensions jh 19 po box 31 derby de24 8bj close.
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According to the telegraph the company is looking to save 500m in contributions to ease the financial pressure of covid 19.
When announcing the closure on august 25 rolls royce said the pandemic has created a historic shock in the industry.
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Rolls royce confirms factory closure plan.
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Around 120 staff work at rolls royce in.
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