AkzoNobel cuts deficit plan by €485m

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AkzoNobel has slashed deficit recovery plans for its main UK schemes by almost €500m (£440m) over the last year as part of a strategy to cut costs and improve returns.

The chemicals firm, which makes Dulux paint, announced last week that it was cutting recovery contributions to its CPS scheme by €40m a year after agreeing its latest triennial valuation. Togeth...

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