Rolls royce has issued a consultation to its pension members and trustees on whether they would allow the firm to close its defined benefit scheme four years ahead of schedule.
Rolls royce pension closure.
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Rolls royce confirms factory closure plan.
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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.
Image caption earlier this year rolls royce said it was looking to axe 9 000 jobs across its global workforce.
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.
Around 120 staff work at rolls royce in.
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The company cited a significant fall in demand for its products and services.
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.
I m a member of the rolls royce uk pension fund and was previously in one of these schemes rolls royce pension fund rolls royce group pension scheme vickers group pension scheme rolls royce engine control systems pension scheme.
When announcing the closure on august 25 rolls royce said the pandemic has created a historic shock in the industry.
This will reduce the volatility of the.