Visteon staff grandchildren call for government support over pension losses

Grandchildren of former Visteon staff today delivered a letter to prime minister David Cameron calling for government support over pension losses four years ago when the company fell into administration.

The letter, which marks the fourth anniversary of their continuing campaign, calls for a select committee hearing into the circumstances that led to thousands of workers losing their pensions.

Visteon UK went into administration in 2009 resulting in 3,000 job losses. A fair redundancy settlement was reached but the workers lost up to 45 per cent of their pensions entitlement.

Unite national officer Roger Maddison said: “To mark the fourth anniversary of the tragic day when thousands lost their pensions, former Visteon workers are marching to parliament to call on David Cameron to support their cause.

“The former Ford employees believed the pensions they built up over years would be safe when they transferred to Visteon. Ford has a legal and a moral obligation to the thousands of ex-employees who paid into its pension scheme all their working lives. We believe the government should be putting pressure on Ford to pay up. The taxpayer should not have to pay out a penny when a billion dollar profit making company like Ford should be living up to its responsibilities.”

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