Visteon UK Ltd Pension Scheme

EDM number 2392 in 2010-12, proposed by Stephen Metcalfe on 08/11/2011.

That this House notes that, when Visteon UK Ltd was spun off from the Ford Motor Company, employees transferred from Ford's pension fund into the Visteon UK pension fund on the clear understanding that their pension rights would be unaffected; further notes that when Visteon UK subsequently went into administration former Ford employees suffered a substantial reduction in their pension rights; believes that Ford has a duty of care to their former employees and shouldmake good the pension losses suffered by those worst affected; and calls on the Government to use the power and influence at its disposal to help ensure that Ford recognises its obligations and accepts its duty of care to former Visteon UK pensioners.

This motion has been signed by a total of 36 MPs.