Bae Tackles Pension Scheme Deficit Aerospace Firm Promises Gbp1.1bn to Help Fill in Huge Black Hole
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Summary
BAE Systems is to inject more than GBP1bn - twice as much as originally expected six months ago - into its pension fund in the biggest exercise of its kind to tackle the biggest deficit in the UK.
It will pay in an extra GBP1.1bn over the next 10 years in cash and assets to help eliminate the deficit, which stood at GBP3.1bn at the end of 2005, and which is rivalled only by British Airways among FTSE-100 companies.See the full content of this document
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Bae Tackles Pension Scheme Deficit Aerospace Firm Promises Gbp1.1bn to Help Fill in Huge Black Hole
BAE employs more than 6500 in wholly and partiallyowned businesses across Scotland, including about 3000 in shipbuilding...
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