Joint Statement from Shell, Essar and the Employee Representatives from the consultation meeting held 14th March 2011
Shell and Essar management have today formally met for the second time to consult with the employee representatives for Stanlow refinery and the associated marketing businesses.
This has included sessions with both non-unionised and unionised representatives on general terms and conditions (as outlined at the first meeting) plus a joint session on pensions.
In response to concerns raised on pensions, Essar recognised the value that Stanlow employees attach to the pension provision and have revised their defined benefit pension proposals. These now provide for the replication of the Shell pension benefits in the Essar pension plan, so that existing staff will retain their current pension benefits.
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