Workers at Cowley’s Mini plant have accepted BMW’s revised offer to close their final salary pension, ending the threat of any further strikes.
More than 80 per cent of Unite members working at four BMW car plants across the country backed the German carmaker’s final offer to bring an end to the long running pension dispute.
If the deal was rejected then 2,200 workers would have had their contracts terminated.
BMW had initially offered workers transitional payments worth £7,000 in an effort to solve the dispute but, under the revised offer, this will be increased to up to £25,000.
As well as in Cowley, workers in Goodwood near Chichester, Hams Hall in the West Midlands and Swindon took strike action in May and June.
Unite national officer Fred Hanna said: “BMW initially thought it could railroad its pension changes through with transitional payments of just £7,000.
“It’s testament to the resolve of Unite members and their solidarity that the carmaker was forced to more than triple these payments and give additional guarantees.”
It had seemed increasingly likely that workers at the Mini plant would strike again after Unite refused a pension offer from BMW midway through last month.
But now, Unite members have overwhelmingly backed the revised offer.
Mr Hanna added: “BMW’s UK workforce is among the most efficient and skilled in the auto industry. We look forward to working with BMW to ensure the world beating Mini and Rolls-Royce motor cars go from strength to strength.”
A BMW spokesperson said: “We believe that our pension proposals are fair and will help to ensure our competitiveness as a business, which is ultimately in the long-term interest of all our employees.”