UK: Honda tries to raise retirement age as plant workers pay conflict looms - report
Honda is trying to raise the retirement age for workers at its British plant in Swindon, Wiltshire, from 60 to 62 in an effort to stave off a financial crisis in its stricken pension fund, The Times newspaper reported on Friday. The newspaper said that Honda, which builds the Civic hatchback and CR-V SUV at the plant, is thought to be the first major employer in Britain to try to raise the age at which workers are eligible for retirement. Honda has also begun its first pay talks with unions since it began making cars in Britain 17 years ago, The Times added.
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