Early day motion tabled by primary sponsor Chris Stephens (Scottish National Party), on Monday, 14 November 2016, in the House of Commons. It is signed by 26 members in total.

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DIAGEO PENSIONS DISPUTE

That this House notes that Diageo closed its final salary pension scheme to new employees in 2005, replacing this with the Lifestyle Plan Pension Scheme; further notes Diageo's announcement that this replacement scheme will now be closed to new starters, without consultation, the final salary scheme closed completely, and that a defined contribution scheme will be introduced; notes the company's operating profit is expected to be £2.841 billion for 2016, a 3.5 per cent increase from that in 2015; considers that profits are generated through the hard work of Diageo's workforce and that these new pension proposals are an attack on the terms and conditions of the workers; fears that this proposal is purely a cost-cutting measure; supports the efforts of the trade unions GMB and UNITE to represent their members and secure pensions justice; and demands that the board of directors at Diageo intervene and reverse this proposal.

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Secondary information

Type

Early day motion

Reference

672 

Session

2016-17

Other sponsors

Alan Meale

Kelvin Hopkins

Jim Cunningham

Jim Shannon

Martyn Day

Subjects

Workplace pensions Diageo

Link

View this Early day motion on www.parliament.uk