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Vodafone pension blow for staff
Mobile phone giant Vodafone has confirmed plans to pull the plug on its final salary pension scheme for around 4,000 staff.
Vodafone already closed the fund to new members five years ago, but is now proposing to shut it to existing members as well.
The group will join a long list of British firms to axe their final salary schemes if the proposals go ahead as planned in April.
Oil group BP, Barclays bank and the UK's fourth biggest supermarket, Morrisons, have all announced final salary blows this year.
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Weather for Yorkshire
Saturday 11 February 2012
Today
Sunny spells
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