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Visteon workers agree pensions compensation deal with Ford
Former workers at the Visteon car parts factory in Swansea, whose pensions were slashed by up to 40 per cent when the company went into administration, have agreed a compensation deal with motoring giant Ford.
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Swansea workers agree settlement after long campaign
Hundreds of former Visteon workers in Swansea have fought a long campaign for compensation, after their pensions fell by up to 40 per cent when the car parts company went into administration in 2009.
- The Swansea plant opened back in the 1960s
- It was run by Ford until 2000 - when workers transferred to Visteon
- Visteon went into administration in 2009, with workers losing up to 40% of their pensions
- Ford said it was not responsible, and, in 2011, campaigners began legal proceedings in the High Court
- In April 2014, Ford made a compensation offer to the Unite Union
- Now, workers have voted to accept the settlement offer
Former Swansea workers have fought for their pensions alongside those from Basildon, Enfield and Belfast.
The Unite union today said "the settlement offer received overwhelming support from all eligible ex-Visteon workers who took the decision to be a party to the legal action."
Visteon workers accept Ford pensions settlement offer
Former workers at the Visteon car parts factory in Swansea, whose pensions were hit when the company went into administration, have agreed a compensation deal with motoring giant Ford.
In April, Ford - which used to run the plant at Swansea and several others in England - made a multi-million pound offer to workers, and the Unite union confirmed today that workers have accepted the offer.