Fujitsu UK & Ireland has today received an £800m contribution from Fujitsu Limited which it has invested in its UK DB schemes which will “substantially improve funding positions” and also free up cash flow.

The cash injection will reduce the amount paid by the company in on-going contributions and has been split across the ICL Group Pension Plan, the Fujitsu Comparable Pension Scheme and the FTEL pension scheme with a combined membership of around 20,000.

Fujitsu UK & Ireland chief financial officer Steve Clayton said: “The special payment significantly reduces the risk within our UK pension plans and ensures the funding levels within the schemes remain stable and predictable. As a global company with over 10,000 employees in the UK, the confidence that our people have in us as an employer is paramount."

Clayton added that the payment also “creates space for the UK & Ireland business to invest over the coming year and to continue to deliver growth within the region".

Share Story: