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ESB And Unions Disagree Once Again

There is confusion over the terms of the deal which has ended the threat of strike action and power cuts at ESB.

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Last night, the Labour Relations Commission announced that the row over the company’s pension fund had been settled – with all pensions protected in a "defined benefit scheme".

That means the ESB would have to underwrite the scheme.

However, management says there will be no impact on the company’s balance sheet.

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