Visteon protesters target Ford's latest meeting with MPs

clock

Visteon campaigners will descend on parliament on Tuesday to mark the second anniversary of the firm's demise and put pressure on former employer Ford over pensions.

More than 150 former workers from the Belfast, Basildon, Enfield and Swansea plants will join the protest against broken pension promises they claim were made by Ford when they transferred to the Visteon scheme (PP Online, 02 March 2010).

The claims relate to advice given when Visteon was spun of from parent company Ford in 2000 and are currently the subject of legal action taken against Ford by the Unite union (PP Online13 January).

The protesters claim that members were given guarantees that safeguards were in place in the event of Visteon UK going bust but the scheme transferred to the Pension Protection Fund with a deficit of £350m after the collapse of the car part manufacturer in 2009.

Tuesdays protest will coincide with a meeting between Ford and concerned MPs to address issues raised when campaigners met with MPs in January (PP Online, 5 January).

A small group of protesters will also present a request to Number 10 for a select committee to be set up to consider the wider issues involved in the case.

The protest is organised by the Visteon Pension Action Group and the Unite union, whose national officer Roger Maddison will speak at the rally outside parliament.

VPAG represents 3,400 members of the fund and is committed to restoring their pensions to the levels they could have expected had they remained in the Ford scheme.

More on Industry

Women in Pensions 2024: Last chance to nominate!

Women in Pensions 2024: Last chance to nominate!

Professional Pensions celebrates seven years of recognising leading female talent

Professional Pensions
clock 28 March 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dashboard staging dates, WPC report on DB schemes and general code comes into force

Professional Pensions
clock 28 March 2024 • 1 min read
Best and worst performing master trusts see 10% difference in returns

Best and worst performing master trusts see 10% difference in returns

Providers with high growth phase equity allocations got best returns in 2023, LCP finds

Jasmine Urquhart
clock 28 March 2024 • 2 min read
Trustpilot