Thursday, April 16, 2009

Unite describe Visteon offer as "derisory'

An offer to end the Visteon dispute made by the firm’s US management has been dismissed as "derisory" by representatives of Unite.

US management had presented Unite negotiators with a proposal the company hoped would settle the dispute over redundancy pay for former employees of Visteon UK, which was placed into administration 31st March.


The offer included providing payments to the former employees, which would include an immediate lump sum equivalent to 16 weeks of their previous pay. Additional staged payments would have been made, increasing total severance benefits to the approximate amounts staff would have received under their most recent contract.

Unite convener Kevin Nolan said Visteon’s proposed deal was “very vague” and misleading.

“What they've offered us is the pay in lieu which legally they have to do anyway. They said what they would do is set up a fund from the sale of the company's assets and if there was any money left we would get it.”

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