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To the Secretary
All Stagecoach Bus
At a Stagecoach Pensions Working Party meeting held in
This information will be reported to the main Stagecoach Board at their meeting on 24th February. Management indicated thatthe Board will more than likely consider two options; namely, close the scheme to new entrants, which we believe is unlikely or, to ask the management representatives to sit down with the union representatives to discuss various options on how the deficit may be funded.
A further pensions working party meeting has been called for March 14th, where the outcome of the Board's consideration of this matter will be reported.
I shall keep you fully informed of the outcome of that meeting.