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UK pensions lifeboat blocks Toys R Us survival plan

The Guardian - 19 Dec 2017 17:16
UK pensions lifeboat blocks Toys R Us survival plan About 3,200 jobs at risk at 100-plus UK outlets after Pension Protection Fund says retailer's insolvency plan fails to address its pension scheme deficit The Pension Protection Fund (PPF) has confirmed it intends to block a proposed restructuring of Toys R Us, pushing the retailer closer to collapse unless a deal can be struck within two days. The future of the the UK arm of Toys R Us and 3,200 jobs hang in the balance as the retailer has said it cannot meet the industry-funded pensions lifeboat...
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