Bankrupt Visteon Seeks To Dump Pensions Of 21,000 Workers Onto Pension Benefits Guaranty Corporation – 12/23/09
Submitted by Doug Cunningham on December 22, 2009 - 5:32pm
 Printer-friendly version Send to friendVisteon is seeking to shift pension obligations the Pension Benefit Guaranty Corporation. Twenty-one thousand workers would be impacted if the automotive supplier is allowed to drop three of its four pension plans. According to the Detroit News, workers will collectively lose $100 million in benefits under the federal organization. Visteon is currently in the midst of bankruptcy proceedings and is in the process of reorganization.
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