Currys and PC World owner DSG International announced that it had plans to close the final salary pension scheme, in a move that will affect as many as 2,400 of its 40,000 workers.
However, the company added that the end of the final salary pension scheme would not affect any benefits already accrued.
The scheme has already been closed to new employees.
Separately, DSG said its like-for-like sales grew by 8 per cent at Currys during the 12-week period ended January 9. The growth figure was well ahead of analysts’ projection of 2 per cent to 3 per cent growth.
Company’s CEO John Browett expects full-year pre-tax profits to remain at the top end of £60 million to £90 million.
Speaking on the issue, Mr. Browett said, “We are quite confident in saying there has been a recovery in customers’ buying behavior.”
But, like-for-like sales at the PC World plunged 3 per cent.
Shares in DSG shed 6 per cent to 35.19 pence.
Popular content
Today's:
All time:
Last viewed:
- U.S. Soldiers with Swine Flu Leave Kuwait
- Bare Escentuals to be Acquired by Shiseido in a $1.7 Billion Deal
- ‘Windows Phone 7 Series’ to offer both Silverlight and XNA development
- Obama to slash lending fees; to raise loan guarantees for small businesses
- Undisputed Win for Pacquiao Improves his Records
- Marijuana use among Teens remains the same while Smoking lower
- Sony Ericsson's Android-based Xperia X3 to release November 3!
- Wi-LAN Announces To Sign Patent-Dispute Settlement With Telus
- Coca-Cola Posts 15% Rise in Q3 Profits
- NHS Trusts Fail to Meet Hygiene Standards


























