BMW group is seeking to rob its UK workers of their hard earned retirement income by closing their final salary pension scheme.
The proposed closure of the defined benefit pension scheme by 31 May 2017 could result in car workers making the iconic Mini and Rolls-Royce motor cars losing as much as £160,000 over the course of their retirement.
BMW’s UK workforce is world class making over 260,000 Minis and record numbers of Rolls Royce motor cars in the last year. Their hard work and efficiency has contributed hugely to BMW’s record breaking profits of approximately £6 billion, enabling the carmaker to lavish nearly £2 billion of dividends on shareholders.
Yet BMW wants to reward this hard work by backtracking on past pension promises. This is deferred pay, money which BMW’s UK workforce has worked hard for to provide for a decent income on retirement for themselves and their families.
With more and more highly profitable companies pleading poverty and looking to duck their pension promises, BMW workers are saying enough is enough.
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Support the makers of some of Britain’s most iconic cars and tell BMW to stop the pension robbery by: