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| Stephen Metcalfe MP with members of the Visteon Pension Action Group |
Stephen Metcalfe, MP for South Basildon and East Thurrock, chaired a meeting last week for the All Party Parliamentary Group in support of Visteon Pensioners.
The group was established earlier this year with a view to looking at the background of the collapse of the Visteon Corporation in 2009 which resulted in the loss of over 500 jobs, leaving many more with either frozen or reduced pension rights.
The meeting was attended by the Pensions Regulator who gave evidence to the group about the regulations surrounding the case and provided information for an upcoming report.
Stephen Metcalfe commented: “The consequences of the spinoff of Visteon from Ford Motor Company have been great for the pensioners and former employees. The APPG is investigating the plight of the pensioners and I hope that through these evidence sessions we will gain a clearer insight into what has happened.”
An invitation has been extended to a representative from Ford Europe to attend a meeting in the New Year so the APPG can hear their perspective on the situation.
Mr Metcalfe added: “I will work hard to highlight the plight of the pensioners and to use the APPG to conduct a thorough investigation. I sincerely hope that by the end of our enquiries we can reach an outcome that is fair to all parties involved.”
