Us Crisis Talks Over Pensions ; N. Wales Workers Face Huge Losses

Daily PostAugust 16, 2004

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Summary


LAWYERS acting for trustees are reassessing a pounds 65m offer to prevent the wind up of the pension fund of hundreds of North Wales workers.

Those affected -- including workers from the former Ferodo car parts plant in Caernarfon -- have been urged by unions to do nothing until the final outcome of crucial talks in the United States is known.

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Extract


Us Crisis Talks Over Pensions ; N. Wales Workers Face Huge Losses

Up to 20, 000 deferred pensioners could lose 70% of their pensions, while another 20, 000 existing pensioners will los...

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