Proceeding contribution from Chris Huhne (Liberal Democrat) in the House of Commons on Wednesday, 13 January 2010. It occurred during Adjournment debate on IBM Pension Scheme.
IBM Pension Scheme
I would like to reinforce the point for the Minister. When my hon. Friend, other hon. Members and I met the chief executive of IBM UK to discuss these matters, we pressed him on whether there was any reason why the finances of the company meant it needed to act in such a way. The chief executive was unable to give any comparative data during that meeting to show why the company was under particular stress, nor did he provide any subsequent data. Frankly, if we consider that IBM made record profits in 2008, that tells me that it has no reason for reneging on the obligations it has undertaken.
Secondary information
- Type
- Proceeding contribution
- Reference
- 503 c301WH
- Session
- 2009-10
- Chamber / Committee
- Westminster Hall
- Subjects
- Workplace pensions Monitoring Regulation IBM
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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