Earnings in the period of $ 13.3 m attributable to equity shareholders were offset by losses of $ 4.7 m on the retranslation of the net assets of foreign currency denominated operations, actuarial losses of $ 3.5 m (net of deferred tax) on
employee defined benefit pension schemes, revaluation losses of $ 2.2 m (net of deferred tax) following the revaluation of property and the payment of the final 2012 dividend of $ 5.0 m to equity shareholders of the Company.
Not exact matches
The effect often leaves a bankrupt shell of a company, or at least enables corporate raiders to threaten
employees with bankruptcy that would wipe out their
pension funds or
employee stock ownership plans if they do not agree to replace
defined benefit pensions with riskier contribution
schemes.
Additionally, the Public Sector
Pensions Commission recently estimated that a huge 94 per cent of public sector
employees are still on unsustainable
defined benefit schemes, compared to just 11 per cent in the private sector.
Advised on the acquisition of a manufacturing conglomerate across multiple jurisdictions, including informing or consulting
employee representatives, dealing with a substantial
defined benefit pension scheme deficit, and negotiating new service agreements for the board of directors
Benefits: 25 days holiday plus statutory,
defined contribution
pension scheme (6 % employer if
employee contributes 3 %)...