Ford Motor Company

An activist looks at what the Visteon protesters have achieved on the campaign's fourth anniversary

MPs have demanded Ford compensates former employees who suffered pension losses after the collapse of Visteon and claim the manufacturer set up the spin-off firm to fail.

Ford Motor Company has offered retired members of its US defined benefit pension scheme lump sum payments in order to reduce its liabilities, according to reports.

An all party parliamentary to investigate the failure of the Visteon pension scheme, set up by MP Stephen Metcalfe, has achieved formal recognition.

Ford workers are to vote on plans to strike in protest at the car maker's intention to close its final salary pension scheme to new joiners.

More than 200 ex-Visteon workers have descended on Parliament to demand the restoration of their pension rights on the third anniversary of the collapse of their former employer.

A group of MPs have tabled a parliamentary motion urging the government to ensure Ford meets the pension losses of former Visteon employees.

Ford has clashed with unions over plans to shut its UK defined benefit scheme to new members.

The union-based Visteon pension legal challenge, which accuses Ford of providing employees with misleading pensions advice, will be heard in October or November next year.

Pension campaigners will meet with Euro MPs next week to discuss the fall-out from the collapse of car parts manufacturer Visteon.