Visteon workers take pension fight to Parliament

PRW

Published: December 10, 2013 2:43 pm ET
Updated: December 10, 2013 2:44 pm ET

Related to this story

Topics Automotive, Government & Legislation, Workforce
Companies & Associations Ford Motor Co., Visteon Corp.

LONDON — The House of Commons Backbench Business Committee is to hold a debate on Ford Motor Co.’s duty of care to its former Visteon employees after 66 members of parliament from across all parties signed a letter in support of former employees’ pension fight.

The letter stated: “That this House continues to note that, when Visteon UK Ltd. was spun off from the Ford Motor Co., employees transferred from Ford’s pension fund into the Visteon UK pension fund on the clear understanding that their pension rights would be unaffected; further notes that when Visteon UK subsequently went into administration, now over four years ago, former Ford employees suffered a substantial reduction in their pension rights; regrets that the resolution of any court action is still some way off; believes that Ford should recognize a duty of care to its former employees and should make good the pension losses suffered by those worst affected without the need for legal action; and calls on the government to use the power and influence at its disposal to help ensure that Ford recognizes its obligations and accepts voluntarily its duty of care to former Visteon UK pensioners.”

The debate will take place in the main chamber of the House on Dec. 12.

It is expected that a large contingent of pensioners will be in attendance representing the four ex-Ford/Visteon manufacturing areas of Basildon, Enfield, Swansea and Belfast involved in the fight to have their pensions restored by Ford.


Comments

Visteon workers take pension fight to Parliament

PRW

Published: December 10, 2013 2:43 pm ET
Updated: December 10, 2013 2:44 pm ET

Post Your Comments


Back to story


More stories

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Plastics News Now: Losing weight with style, plastics in the Dragons' Den

January 29, 2015 6:00 am ET

A 19-year-old entrepreneur brings business to a U.K. injection molder after winning support on TV's Dragons' Den, auto suppliers combine...    More

Image

Plastics help Volt hit new target

January 28, 2015 1:54 pm ET

The 2016 Volt, unveiled at the North American International Auto Show in Detroit in January, features a sportier exterior design — GM calls it...    More

Image

Bain buying TI Automotive

January 27, 2015 8:49 am ET

After months of speculation, Auburn Hills, Mich.-based TI Automotive Ltd. entered into an agreement Tuesday to be acquired by private equity firm...    More

Image

Auto industry on the hunt for new lightweight materials

January 26, 2015 4:03 pm ET

The auto industry is focusing on lightweighting, and this is igniting a race to find new materials that can meet ever-changing performance needs of th...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events