Sinn Féin representative and candidate in the 2014 Local Elections for Templeogue – Terenure Fintan Warfield has welcomed the agreement reached between management and workers at ESB regarding the company’s pension scheme.

The first time candidate said:

“The resolution of the ESB pension dispute is good news for workers and indeed for the company’s customers.

“The truth is workers and their union representatives should not have had to issue strike notice in the first place for this matter to have been resolved.

“The decision of ESB management to redefine the workers pension from a Defined Benefit to a Defined Contribution scheme was wrong, and the Labour Relations Commission’s resolution issued this evening validates the workers action in this regard.

“By redefining the scheme management transferred all of the pension liability to workers over night, most of whom are not entitled to a state pension. Facing the prospect of a pension worth just €13 a week, workers were left with no option but to issue strike notice.

“Government inaction cannot go unmentioned. Government Ministers have been aware of the impending dispute for months now. Despite holding the majority of the shares in the company on behalf of the state, government stood idly by. Over recent weeks Labour Minister and TD for Dublin South West Pat Rabbitte has made particularly unhelpful comments.

Fintan Warfield concluded:

“This victory for ESB workers and their families should act as a wake-up call to all employers who are seeking to walk away from their contractual obligations to company pension schemes. Sinn Féin stood squarely behind the workers and we recognise today’s development as a good day for workers’ rights and for trade union membership.”