Page last updated at 12:12 GMT, Tuesday, 4 December 2012

Debate on Ford and Visteon

Car giant Ford has been criticised by MPs during a debate on the pension funds of people who worked at the former subsidiary company Visteon.

The car-parts manufacturer operated factories at Basildon, Belfast, Enfield and Swansea before going into administration in 2009.

Workers claim the value of their pensions dropped substantially when former owners Ford transferred their retirement funds to the care of Visteon.

Speaking during a Westminster Hall debate on 4 December 2012, the Conservative MP for Finchley and Golders Green, Mike Freer, said there was a "clear suspicion" that Visteon was being "set up to fail" and that Ford were "shunting off their loss-making activities and their pension responsibilities".

The union Unite began legal action against Ford over the issue in the High Court in January 2011.

In a statement, the company has said: "While Ford recognises the severity of the situation for former Visteon UK employees, Visteon became an independent company in 2000 and was responsible for its own business decisions. Ford fully discharged both its legal and moral responsibilities to former Visteon UK employees."


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