Rolls-Royce to tackle pension fund deficit

Engine maker Rolls-Royce today confirmed it has started talks with workers about how to tackle a £1.1bn (€1.6bn) shortfall in its UK pension fund.

Rolls-Royce to tackle pension fund deficit
Tue, 04 Mar, 2003 - 07:50

Engine maker Rolls-Royce today confirmed it has started talks with workers about how to tackle a £1.1bn (€1.6bn) shortfall in its UK pension fund.

The deficit was announced at the same time as the company said underlying profits for 2002 had fallen to £255m (€369.5m) from £475m (€688.3m) a year earlier.

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