RE: RE: Increased holding7 Mar 2018 17:12
That was a very pleasant Day.
“We regard the recent broad set of agreements between the two parties as a landmark,” Barclays said.
“To have closed, with a small surplus, one of the larger defined benefit pension schemes in the UK; to have replaced it with an affordable defined contribution scheme (possibly collective subject to government negotiation); and to have agreed on a pay deal to April 2020, without industrial action, is a remarkable and forward thinking effort by all involved, in our view,” the bank said.
The bank cautions that it will still be necessary to see how the moves to a shorter working week and associated changes in working practices develop, but there is now a strong platform, in its view.