Unilever to meet pensioners

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The Independent Online
Unilever to meet pensioners

Unilever, the Anglo Dutch consumer goods giant, attempted to diffuse a rebellion from some of its 44,000 pensioners over use of an pounds 800m pension fund surplus. Niall FitzGerald, chairman, told shareholders at the group's annual general meeting in London yesterday that he would meet pensioner representatives for talks on 19 May to try to sort out the grievances. They are unhappy that the company has used pounds 260m of the surplus to declare a pensions holiday and cover future liabilities for fund members who took early retirement from the company.

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