Press Release

SIPTU welcomes Pfizer decision to maintain DB Pension benefits for workers

Date Released: 03 December 2019

SIPTU representatives have welcomed the decision of Pfizer, the multinational pharmaceutical manufacturer, to maintain its Defined Benefit (DB) Pension scheme for workers at its facilities in Ringaskiddy and Little Island in county Cork.

SIPTU Sector Organiser, Alan O’Leary, said: “SIPTU representatives have been involved in very difficult pension talks with senior management at Pfizer for several years. At all times we urged the company to continue to maintain our members existing benefits. We consistently advised the company that it was our strong view that maintaining good pension benefits for workers should be a top priority for all profitable multinational corporations.”

SIPTU Organiser, Ray Mitchell, said: “While we must engage with Pfizer to clarify the detail of its decision as it relates to our members in the Ringaskiddy and Little Island facilities we are pleased that it commits the company to the retention of their core pension benefits.” 


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