Siemens shifts 300 mln pounds of pension liabilities to PIC

FRANKFURT, April 7 (Reuters) - German industrial group Siemens has transferred 300 million pounds ($422 million) of pension liabilities relating to staff it acquired from VA Tech a decade ago to Britain's Pension Insurance Corporation, the two companies said on Thursday. [Source]

Origin: us.feedsportal.com

Category: industrialsSector

Topics: liabilities, pension, pounds, Siemens, companies, Corporation, Insurance, Pension, Britain's, decade, acquired, staff, relating, million), ($422, million, transferred, group, industrial, German, (Reuters), April, FRANKFURT, shifts

Source: http://reuters.us.feedsportal.com/c/35217/f/654235/s/4ec99d28/sc/13/l/0L0Sreuters0N0Carticle0Csiemens0Epensions0Epic0EidUSL5N17A43Z0DfeedType0FRSS0GfeedName0FindustrialsSector/story01.htm