Labour Court recommends €400,000 year-four payment in Embecta pension dispute

The Labour Court recommended that Embecta make a €400,000 lump-sum payment in the fourth year to resolve a pension dispute involving 118 Workers represented by the Services Industrial Professional Technical Union. The recommendation is dated 25 September 2023. The Court recommended that the sum be applied pro rata, using the scale for payments in years one, two and three based on the years remaining to retirement. The union argued that Embecta’s offer was insufficient and that increased contributions affected workers’ take-home pay. Embecta said it was a start-up facing significant costs and could not improve what it considered a fair offer.