Industrial action is threatened at Aston Martin as workers face losing an estimated £100,000 in retirement income if the defined benefit scheme is closed from February 2022.

Unite the Union said its members affected by the proposal at Gaydon and Wellesbourne (both in Warwickshire); Milton Keynes; Newport Pagnell; and St Athan in South Wales had voted in a consultative ballot that they wanted to hold a full-scale industrial action ballot in the New Year to protect their retirement incomes.

The union said Aston Martin Lagonda wants to close the defined benefit (DB) scheme on January 31, 2022, which could cost members about £100,000 over the course of their retirement, depending on individual circumstances.

Sharon Graham, general secretary at Unite the Union, said: “We will back our members at Aston Martin 100% if they decide to take industrial action to defend their pensions and defeat this threat to their retirement incomes.

"These workers have done as asked and saved for their retirement, but they have also worked hard to deliver improved profits for Aston Martin.