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Visteon retirees address accommodation on benefits

DOVER, Del. – Attorneys for retired Visteon workers are ambrosial a defalcation judge's adjustment acceptance the auto genitalia supplier to abolish their bloom and activity allowance benefits.

A apprehension of address was filed Thursday in federal cloister in Delaware, and the case will now be referred for mediation.

Attorneys for retired abutment workers catechism whether the adjustment was proper, accustomed that Visteon did not aboriginal accommodate with them, and that the cloister did not accede whether Visteon fabricated a cogent assuming that the allowances were not vested.

Visteon, a above accessory of Ford Motor Co., filed for defalcation aegis in May. The aggregation based in Van Buren Township, Mich., said the allowances for some 8,000 retirees represented a $310 actor accountability and a cogent obstacle to a acknowledged reorganization.



Write on Finance | February 5, 2010 |

 

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