As General Motors tries to hammer out a deal to sell its long-struggling Europe business to PSA Group, how the companies will manage an underfunded pension plan for retirees remains to be sorted. GM’s pension plan for Opel and Vauxhall retirees is underfunded by about $9 billion, according to Bloomberg News. PSA would like GM to … [Read more...]
Union give Ford deadline for plan
Unite union has given Ford management a two week ultimatum to announce a five-year plan for its engine plant in Bridgend. General secretary candidate Len McCluskey yesterday met managers and shop stewards at the plant five months after Ford announced cut backs on its planned investment in the new Dragon engine but has said 1,850 workers would not be … [Read more...]
Newslines 4 February
The updated Volkswagen Golf is open for order in the UK. It comes with the option of all-new engines, more technology, improved connectivity and revised styling for an average of £650 less than the outgoing car when deliveries begin end of March. More than 182,000 lives have been saved or serious injury prevented in the UK since Euro NCAP’s tough crash … [Read more...]
Plant briefings to follow Ford and Unite meeting
Unite union leaders and workers at Bridgend Engine Plant will be briefed about discussions with Ford over future investment. The union and car-maker had private meetings in London on Friday and details of the talks have not been given by either side. Afterwards, head of Unite Len McCluskey said, “Our concerns in relation to Ford’s commitment to its UK … [Read more...]
