Unite the Union

Unite the Union

February 21, 2008 06:37 ET

Deal on Pensions Reached at Goodrich

LONDON, UNITED KINGDOM--(Marketwire - Feb. 21, 2008) -

Attention: news, industrial, pensions and aerospace correspondents

Workers at aerospace company Goodrich have clinched a deal on pensions today following a one day strike held on Monday 28th January and a continuous ban on overtime.

Whilst the union is disappointed that the final salary scheme will remain closed to new entrants, a ground breaking deal has been reached that will secure the scheme for existing members going forward. The company has guaranteed that it will not make any changes to the scheme for the next 5 years.

Unite national officers, John Rowse and Bernie Hamilton say,

"Unite is disappointed that new staff will no longer be eligible to join the final salary pension scheme. However, the scheme remains open for existing staff and the union has clinched a ground breaking deal with Goodrich which guarantees no changes to the scheme for at least the next five years. This is an industry first and to date is virtually unheard of."

Increases in contribution rates have been agreed but will be phased in over two years. The cost of the increase will be partly offset by two installments of Pounds Sterling 250 over the two year period.

Goodrich employs 1600 staff based across the country.

Contact Information

  • Ciaran Naidoo
    07768 931 315