Restructuring & Pensions - October 2010

Restructuring & Pensions - October 2010

Prospect were informed this morning of Yell's intention to further reduce headcount.

Prospect were informed this morning of Yell's intention to further reduce headcount across Yell Corporate and to close Yell Pension Plan (sections 1, 2 and 3) to future accruals on the 31st March 2011.

Prospect understand absolutely the very serious concerns members will have about these proposals and have arranged an urgent meeting with the company - on Thursday of this week, the 14th October - to gain a better understanding of the context to these proposals, the potential impact on Prospect members and the timescales in which consultation on them will take place.

We will communicate further details with you as soon as possible after this meeting has taken place and will be arranging an urgent meeting of all members to discuss the proposals in detail.

Remember we are here to support you;

Members should be reassured that all parties are committed to working together to minimise the effects of these changes as far as possible. Remember that Yell value their relationship with Prospect.

Your branch representatives are here if you need to talk about the effect of this on you personally - please contact them on [email protected] Alternatively you can contact me at [email protected] or on 020 8971 6034.

Remember Prospect have clear policies relating to the type of assistance that can be provided to individuals who join the union with an existing issue. Existing members receive priority and a wider level of service than those who join with an issue. So if you have colleagues who are not already members they can join online.