Bae Attempts to Reassure On Pounds-4.3bn Pensions Shortfall Annual Meeting Protests Minor Compared to Previous Years
Linked as:
Summary
DICK Olver, chairman of BAE Systems, yesterday sought to reassure members of the defence company's pension scheme following claims at its annual meeting that a pounds-4.3bn deficit was "far in excess" of other UK firms.
Referring to the deficit listed under UK accounting rules, Olver said the figure was just a snapshot position and did not allow the company to consolidate future monies or recognise future growth in the fund.See the full content of this document
Extract
Bae Attempts to Reassure On Pounds-4.3bn Pensions Shortfall Annual Meeting Protests Minor Compared to Previous Years
The chairman, who took over from Sir Dick Evans at last year's meeting, said: "It is extremely frightenin...
See the full content of this document
Sponsored links
