Element Six agreed a funding proposal that involved putting €10.75 million a year into the pension pot until 2020, beginning in 2009. Photograph: Seán Curtin Press 22.

In November 2011, the trustees of the Element Six defined benefit scheme voted to accept a company proposal to wind it up. As consequence, they are fa(...)

More than 100 workers from the industrial diamond manufacturer Element Six are suing the scheme’s trustees for breach of duty.

Multinational Element Six deliberately orchestrated the winding up of its defined pension scheme in 2011, the High Court heard yesterday.The move dras(...)

More than 100 members of Element Six’s  defined
-benefit plan are suing the fund’s trustees for breach of duty. Photograph: Reuters

Multinational Element Six “siphoned off” more than €165 million in assets in the months before it told workers it could no longer contribute to their (...)