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Smiths Industries pensioners angry over money cut

Summary by Ground News
Smiths Industries pensioners have been shocked to find they are not getting the increase they were expecting in their pay packets this month. They claim that Smiths Group has reneged on its commitment to pay the full Retail Price Index-based seven and a half per cent increase. Smiths Industries was an aerospace company that had a large base in Bishop's Cleeve, near Cheltenham. The pensioners claim this is even though the scheme's pension pot is fully funded.

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Gloucestershire Live broke the news in Gloucester, United Kingdom on Monday, June 6, 2022.
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