Threat of power cuts from 16 December

Written By Unknown on Jumat, 22 November 2013 | 22.40

There is a threat of power cuts from 16 December after the ESB group of unions decided to serve notice of industrial action on the company in a row over a €1.6 billion pension fund deficit.

The notice will be served on Friday 29 November and will expire at 8am on Monday 16 December.

The nature of industrial action has not been decided but the group has agreed to accept an invitation to talks issued by ESB management last week.

Each affiliate union in the group will have to serve individual notice of industrial action on the company.

The group of unions met today to decide its strategy after staff voted overwhelmingly to back industrial action in the pension deficit row.

The company has said that following a restructuring of the pension scheme in 2010, it carries no additional liability for addressing the deficit.

Unions are furious that the company has paid a €78m dividend to the State and is due to pay a further €400m from the sale of assets while the pension deficit remains.

They fear that if the deficit is not addressed staff could face a significant reduction in their pension benefits.

Four staff members have also commenced legal action challenging the dividend payments.


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