Pensions deal at Goodrich
WORKERS, APR 2008 ISSUE
Workers at aerospace company Goodrich have clinched a deal on pensions today following a one-day strike held on Monday 28 January and a continuing ban on overtime.
While the final salary scheme will remain closed to new entrants, the company has agreed that will secure the scheme for existing members going forward. Goodrich has also has guaranteed that it will not make any changes to the scheme until 2013 at least.
Unite national officers John Rowse and Bernie Hamilton said, "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 instalments of £250 over the two year period. Goodrich employs 1600 staff based across the country.