HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Tata Steel UK expected to...

Sun Jul 12, 2015, 09:48 PM

Tata Steel UK expected to escape strike

Source: Economic Times

LONDON: The threat of the first major strike in Britain in nearly three decades seems to have been averted as Tata Steel UK's workers are expected to sign a new deal to end a pensions row.

A ballot of union members closes on Wednesday and is expected to deliver resounding support for the deal, 'The Sunday Times' reported.

The four unions -- Community, Unite, GMB and Ucatt -- called off a strike last month after the Indian steel giant agreed to retain a modified final-salary ..

The unions have recommended that staff accept the deal. Tata argued that reforms to the British Steel Pension Scheme, which has about 135,000 members and a deficit of more than 2 billion pound, are vital if the company is to return to profitability.

FULL story at link.


Read more: http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/tata-steel-uk-expected-to-escape-strike/articleshow/48043584.cms

1 replies, 682 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Tata Steel UK expected to escape strike (Original post)
Omaha Steve Jul 2015 OP
FrodosPet Jul 2015 #1

Response to Omaha Steve (Original post)

Mon Jul 13, 2015, 06:52 AM

1. How much longer before planet Earth gets renamed

to "Tataworld"?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread