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MPs confront Ford over Visteon workers' pensions

12:20am Saturday 18th December 2010 in Echo News

Stephen Metcalfe Stephen Metcalfe

MPS told Ford’s British bosses they have a moral obligation to rescue former factory workers’ devalued pensions.

A group of 15 MPs grilled Joe Greenwell, chairman of Ford of Britain, and a delegation of senior executives from the motoring giant on the issue in the House of Commons last Thursday.

Ownership of former car parts factories across the country, including one in Christopher Martin Road, Basildon, transferred from Ford to Visteon UK in 2000.

But hundreds of former workers suffered a collapse in the value of their pensions after Visteon UK went into liquidation in March last year.

South Basildon and East Thurrock MP Stephen Metcalfe said Ford had a moral obligation to the pensioners.

A Ford spokesman said: “Ford communicated its position consistently as having done the right thing in respect of the pension arrangements.”

Comments(4)

emcee says...
1:11am Sat 18 Dec 10

A moral obligation does not equal a legal obligation. This we have seen recently where the bankers are concerned. Unless the laws are made, big business and their top management will always choose to make decisions which will line their own pockets and protect their own finances, regardless of the financial cost to the little man.

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geezer, innit says...
1:19pm Sat 18 Dec 10

with the billions Ford Motor Co hve made worldwide in the last quarter it'd be easier for Ford to just sort this out once and for all rather than dragging it out for months and years, their somewhat tarnished reputation miight not get completely trashed then.

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perini says...
9:49pm Sat 18 Dec 10

Still needs Stumpy and Drury to be taken to task!

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Ironman says...
5:29pm Sun 19 Dec 10

I worked for Ford for 35 yrs and their motto was 'the family of Ford'.
What a larf, everyone is a number to be exploited whenever the need arises.
They are the dregs.
Fight on Visteon workers, in this case, bad publicity is still bad publicity.
As a Ford worker, I remember the promises made to you at the time of separation.

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