Ford workers go on strike
Workers at Ford plants across the UK have downed tools today in a dispute over pensions.
Workers at Ford plants across the UK have downed tools today in a dispute over pensions.
However, the motor giant said production lines at the seven sites where staff are taking action were not affected.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
They are angry about plans to close the company's final salary pension scheme to new recruits and cut pay.
"We fiercely oppose the closure of Ford's final salary scheme to new entrants because we believe ultimately Ford will try to close the entire scheme," said Unite representative Roger Maddison.
"The UK has the best sales in Europe, there's no excuse to attack the terms and conditions of a new generation of Ford staff."
In a statement the manufacturer said: "Ford remains willing and available to continue discussions with the union representing these workers".
"The vast majority of the company's employees are not involved in this disagreement, or the decision to take industrial action," it added.
Ford employs 15,000 people in the UK.
-
Hargreaves Lansdown shakes up fees in biggest change in 10 years – what does it mean for you?Hargreaves Lansdown is lowering its headline fee from 0.45% to 0.35% – but not everyone will be happy with the new fee structure, it’s been suggested.
-
Michael Moritz: The richest Welshman to walk the EarthMichael Moritz started out as a journalist before catching the eye of a Silicon Valley titan. He finds Donald Trump to be “an absurd buffoon”
