Union leaders are meeting managers at car giant MG Rover to raise concerns over executive pay, pensions and reports that a multi-million pound trust fund has been set up for directors. Officials from the Transport and General Workers Union and Amicus will hold 'clear the air' talks with John Towers, chairman of Phoenix Venture Holdings, which owns the Birmingham-based company.
The unions said they wanted answers to questions about the financial restructuring of the loss-making car firm.
The state of the pension fund, which is reported to be �73m in deficit, will be discussed at the meeting on Wednesday and union officials will ask questions about senior management salaries which are reported to be the highest in the car industry.
They are also expected to demand to know if reports of a �13 million trust fund for company executives if the firm went bust, were correct.
Mr Towers masterminded the sale of Rover from German car firm BMW, safeguarding thousands of jobs at its Longbridge plant.
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