However, I'd be none too surprised if any eventual distribution strategy / announcement is accompanied by
some huge pension deficit concession to the unions (despite AERL's repeated denials of any legal liability).
«Royal Mail's working practices are inefficient, competition is intensifying, industrial relations are poor and sorting machinery is outdated, while the fixed price of a stamp and
a huge pension deficit seriously limit room for manoeuvre.
Not exact matches
As for the
pension fund, well, the fact that such a
huge deficit has been cranked up under state control is another argument in favour of private ownership - not that, as we know, private industry is without blame when it comes to
pensions, is it Lord Myners?
Ed Balls should make it absolutely clear that there is nothing responsible or progressive about running
huge deficits when the money could be spent on schools, hospitals or
pensions.
The games that can be played accrual items have been played out, and the
deficits in
pension and retiree health plans are
huge.