08 July 2009
Computer giant IBM is consulting on the closure of its
final-salary pension scheme to current members of its UK and
Republic of Ireland workforce. Around 5,000 members will be
affected. The scheme closed to new members a few years ago.
In an e-mail to staff, IBM's UK and Ireland general manager
Brendon Riley said the plans were caused by rapidly-rising costs
and liabilities. Mr Riley added that the scheme was putting
pressure on the firm's competitiveness.
