Jaguar Land Rover: Redundancies
Mary Creagh Excerpts(1 week, 1 day ago)
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Blair McDougall
We are working very closely on behalf of the hon. Lady’s constituents, who I know will be troubled at the moment, and with the local mayors and local authorities. Most of the conversations and the asks made of us are about ensuring that the wider automotive supply chain and advanced manufacturing sector in the region continues to thrive, so that those highly skilled workers—they come from a company with an incredible pedigree—can more easily move into other jobs in the sector, and the skills can be maintained in the hon. Lady’s part of the world.
Mary Creagh (Coventry East) (Lab)
The actions taken by this Government stand in stark contrast to the actions of previous Conservative Governments, who were happy to watch the closure of the Massey Ferguson factory, the Alvis tank factory and Peugeot in Coventry in the ’80s, which led to 20% unemployment in the city where I grew up. After those closures, we saw the financial services industry target workers, some of whom were in defined benefit pension schemes and considering voluntary redundancy, and persuade them to transfer to a less beneficial pension. After firms had gone bust, people realised that they had been mis-sold their pension. Will the Minister take every possible step to protect the pension prosperity of those who will face voluntary or compulsory redundancy at the global headquarters of JLR at Whitley in Coventry?
Blair McDougall
My hon. Friend raises a really important point—one that I confess has not come across my desk yet. After this statement, I will make sure that we are raising this point with the relevant regulators, and will perhaps talk to friends in the Treasury about it, because it would be awful if really skilled workers who have a redundancy payment that they have earned through years of hard work have it snatched away by disreputable finance companies.