Strike ballot over pensions’ changes that threaten retirement incomes of workers at Delphi Technologies
- Thursday 28 February 2019
Over 400 employees at Delphi Technologies are being balloted for industrial action over the closure of their final salary pension scheme which could cost some workers tens of thousands of pounds.
Unite, Britain and Ireland’s largest union, said today (Thursday 28 February) that it will be balloting its members at the company’s two sites in Gillingham, as well as sites in Stonehouse and Warwick, for strike action and industrial action short of a strike over the proposed closure of the defined benefit pension scheme by 28 March.
The ballot opens on 7 March and closes on 21 March.
Unite said that the proposal to replace the current scheme with a defined contribution scheme, based on the vagaries of global stock markets, was ‘totally unacceptable and an insult to a dedicated workforce’.
Unite national officer for automotive sector Des Quinn said: “The ballot is being held because workers at the company’s four locations stand to lose tens of thousands of pounds from their pension pots, if this proposal is allowed to go ahead.
“In some cases, our members facing losing £100,000 from their future pension provisions –money they have spent decades building up.
“Unite believes that this is totally unacceptable and an insult to a dedicated workforce – and we call on the management to halt the move to a defined contribution scheme, otherwise the possibility of strike action remains a very real possibility.
“Despite the huge amounts of money members stand to lose, every effort was made by Unite to reach an agreement, but the management failed to offer changes to the schemes that were acceptable.
“They also failed to provide the necessary minimal compensation for those closest to retirement who now have little time to financially plan for their retirement under the proposed new detrimental pension regime.”
The company makes propulsion systems for combustion, hybrid and electric vehicles.
Notes to editors:
For more information please contact Unite senior communications officer Shaun Noble on 020 3371 2060 or 07768 693940. Unite press office is on: 020 3371 2065
Email: [email protected]
- Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Len McCluskey.