Archive

Visteon U.K. Retirees Continue Fight for Guaranteed Benefits, but Protest Fizzles When Exec Calls In Sick

By Staff Report

Dec. 2, 2009


More than 150 members of the collapsed Visteon UK Pension demonstrated at the South Wales Bridgend Ford Factory in support of their claim against Ford Motor Co. but ultimately were turned away when the company’s chief executive they wanted to see did not show because he said he was ill.


There is widespread anger among the 3,000 Visteon retirees that commitments made by Ford are now being sidestepped after Ford and Visteon Corp. promised “mirrored terms and conditions and pension safeguards.” As a result, some pensioners are seeing reductions in their pensions of 40 percent.


Andy Belch, a Visteon retiree and former senior manufacturing engineer at the Basildon, England, plants, said: “I worked for 38 years as a Ford employee and paid into the pension fund every day. I had only three months in the Visteon scheme. My pension has now been reduced by around 42 percent for the rest of my life, with limited future rises, despite commitments made by Ford to employees and unions at spinoff to protect my pension.”


Investigations by the Visteon Pension Action Group have reportedly shown that the Ford pension fund was 120 percent funded in 2000, but the final transfer to Visteon had a £49 million shortfall.


Ford made copper-bottomed promises to the workers before they were transferred to Visteon and we intend to hold them to those promises,” said Tony Woodley, the joint general secretary of the Unite trade union.




Filed by Anthony Clark of Plastics & Rubber Weekly, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.


Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers

What’s New at Workforce.com?

blog workforce

Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.

Book a call
See the software

Related Articles

workforce blog

Staffing Management

Managing employee time-off requests: A guide for business owners

Summary Vacation, sick time, PTO banks, and unpaid leave are only a few forms of employee time off — Mo...

workforce blog

Technology

Labor analytics: A how-to guide for company leadership

Make sure to start small, clean your data, use data from a variety of sources and use desired business ...

data analytics, employee data, HR Tech, people analytics, talent management

workforce blog

Technology

Why tattleware isn’t the solution for underperforming teams

If your employees can take their smartphones out of their pockets to circumvent your efforts, how can y...

employee monitoring, HR technology, tattleware