Mexican Media Brands
BMW Workers in U.K. Accept Pension Offer
BMW AG workers at four manufacturing sites in England have overwhelmingly accepted the company’s updated offer to transition them to a defined contribution pension plan.
#labor
Share
BMW AG workers at four manufacturing sites in England have overwhelmingly accepted the company’s updated offer to transition them to a defined contribution pension plan.
The new scheme gives some 3,500 employees more flexibility about choosing between £25,000 contributed by BMW to the new pension plan and transitional payments totaling £22,000 ($28,300) over three years.
The workers, who are represented by the U.K.’s Unite union, have been threatening since early April to conduct a series of strikes at BMW’s Mini, Rolls-Royce and engine plants.
RELATED CONTENT
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
Japanese Models Top “Most-American” List
The five most “American” models sold in the U.S. in terms of local content and labor all carry Japanese brands, says Cars.com.