BT Pension Review Update

BT PENSION REVIEW - CWU RESPONDS TO MEDIA SPECULATION OVER BT PENSIONS

 Responding to press speculation about possible changes to BT’s pensions, Andy Kerr Deputy General Secretary said:

 “The facts are as follows:

• We have been in discussions since May over BT’s pension arrangements.  These talks are not linked to the Company profit warnings issued last week.

• The CWU is committed to ensuring the long term sustainability of BT’s defined benefit pensions, and improving the defined contribution pensions.

• Negotiations on these issues have been protracted and difficult, but we expect to make a joint announcement on the details of the review next week.”

 Yours sincerely 

 ANDY KERR

Deputy General Secretary (T&FS)