BMW employees have accepted fresh pensions

BMW employees in the UK have voted to accept the German automobile maker’s modified pension deal in a long-running disagreement, bringing an end to a wave of commercial action

Unify union stated over 80 percent of staff had voted to accept a modified deal over the closure of their last wage pension plan.

Staff throughout Cowley, Goodwood, Swindon and Hams Hall had formerly left over prepared modifications to their retirement plans.

Find out more: UK cars and truck production drops on late Easter and strike action.

Join stated the offer sees “the closure of the last income pension plan and employees moved into among the leading specified contribution pension plans in the automobile market”.

Fred Hanna, Unite nationwide officer, stated:

Join members have extremely backed the modified pension deal bringing this long-running conflict to an end.

BMW’s UK labor force is amongst the most effective and knowledgeable in the car market. We anticipate dealing with BMW to guarantee the world beating Mini and Rolls-Royce motor vehicles go from strength to strength.
BMW stated in a declaration:

We are happy that the company’s deal has been accepted by the bulk of Unite members who participated in the union tally.

This result follows prolonged settlements in between the company and staff member agents since September in 2015. It is now meant that workers presently in our ‘specified advantage’ pension plan will sign up with the company’s ‘specified contribution’ pension plan from October 2017.
The offer brings the bitter row to an end, after the union had revealed 8 24-hour strikes throughout April and May at BMW’s British plants. That had impacted production at the Mini plant in Cowley and the Rolls-Royce one at Goodwood, though the walkouts were then suspended for fresh speak with happen.

The union had stated the conflict was over “pensions break-in”, while the company preserved it was reasonable and developed to make sure competitiveness.

Last month, BMW employees turned down a pension deal in a consultative tally by 56.6 percent, with the union stating it did not go far enough to deal with workers’ issues.

The union stated the fresh offer uses members higher versatility relating to the timing of transitional payments worth ₤ 22,000 over 3 years, or ₤ 25,000 paid into the brand-new pension program.