Siptu members vote against Pfizer's Direct Benefit pension scheme

Hopes by senior Pfizer management that Irish staff would agree to a phasing out of their Direct Benefit (DB) pension scheme have been dashed after members of Siptu in the Ringaskiddy plant voted overwhelmingly to reject the proposal.

Management may have been buoyed earlier when Siptu and Connect union members at the Little Island plant, which employs around 200 people, accepted a proposal brokered by the Workplace Relations Committee (WRC).