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Tata Steel Workers In UK Call First Strike In 40 Years Over Job Cuts
Around 1,500 Tata Steel workers in Port Talbot and Llanwern in Wales will begin an "all-out indefinite strike action" from July 8 to protest the company's "disastrous plans" to cut 2,800 jobs and close its blast furnaces.
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Tata Steel To Cut 2,800 Jobs In UK As Company Shuts 2 Blast Furnaces
Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.
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Tata Steel, UK Announce 1.25 Billion Pound Joint Investment Plan
The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.
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UK To Pump $621 Million Into Tata Steel To Secure Steel Industry
Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk.
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Tata Seeks $1.8 Billion Aid To Avoid Closure Of Major UK Steel Plant: Report
Tata Steel said on Friday it could close its major plant at Port Talbot in Wales unless it receives British government aid of 1.5 billion pounds ($1.8 billion) to help decarbonise production.
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Tata Steel To Shut Some Operations In United Kingdom
Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.
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Thyssenkrupp Unions Fear Loss Of Rights In Tata Steel Deal Structure
Unions at Thyssenkrupp have opposed the deal and are concerned more steel jobs may go in the long term in addition to as many as 4,000 job losses already announced as part of the merger.
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UK Workers back Tata Steel Rescue Plan
Nearly 10,000 were voting in a ballot over the past few weeks on whether they would accept moving from a final salary pension to a less generous scheme in return for job safety and Tata's promise of nearly 1-billion-pound worth of investment over the next 10 years.
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British Steel To Reverse Tata Steel Pay Cuts At UK Plant
British Steel began operating the Scunthorpe plant after Tata Steel had sold the unit to investment group Greybull Capital for a token 1 pound in June last year.
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Tata Steel Offers To Pay Millions For Pension Scheme Revamp: Report
Last month, Tata Steel UK offered British unions a deal guaranteeing jobs and investment in return for pension cuts.
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Tata Steel Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel is exploring a joint venture with Germany's ThyssenKrupp and one of the options would have meant job losses at the plant employing around 4,000 as a result of shutting down of one of two blast furnaces on the site.
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Tata Steel UK Operations Still 'Not Out Of The Woods', Says CEO
Port Talbot and its down-stream businesses are believed to be back in profit but a long-term period of sustained profitability is required for any real turnaround.
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Tata Steel May Be Close To Pension Deal: Report
The Tata Group firm is understood to have opened talks with the UK's Pension Protection Fund and the Pensions Regulator over an unorthodox restructuring deal, which would see a merger of its European arm with Germany's ThyssenKrupp, The Sunday Times claimed in its report.
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British Steel Back In Profit After Spin-Off From Tata
British Steel has returned to profit by boosting efficiency after being hived off as a loss-making division from Tata Steel in April, executive chairman Roland Junck said on Thursday.
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Tata Steel Set For Trade Union Talks In UK: Report
Tata Steel is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp.
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Tata Steel Workers In UK Call First Strike In 40 Years Over Job Cuts
Around 1,500 Tata Steel workers in Port Talbot and Llanwern in Wales will begin an "all-out indefinite strike action" from July 8 to protest the company's "disastrous plans" to cut 2,800 jobs and close its blast furnaces.
-
Tata Steel To Cut 2,800 Jobs In UK As Company Shuts 2 Blast Furnaces
Indian-owned Tata Steel is to cut up to 2,800 UK jobs, it announced Friday, as the industry transitions to greener production of the metal.
-
Tata Steel, UK Announce 1.25 Billion Pound Joint Investment Plan
The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country's largest steelworks in Wales that will help protect thousands of jobs and boost the British economy.
-
UK To Pump $621 Million Into Tata Steel To Secure Steel Industry
Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk.
-
Tata Seeks $1.8 Billion Aid To Avoid Closure Of Major UK Steel Plant: Report
Tata Steel said on Friday it could close its major plant at Port Talbot in Wales unless it receives British government aid of 1.5 billion pounds ($1.8 billion) to help decarbonise production.
-
Tata Steel To Shut Some Operations In United Kingdom
Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products business.
-
Thyssenkrupp Unions Fear Loss Of Rights In Tata Steel Deal Structure
Unions at Thyssenkrupp have opposed the deal and are concerned more steel jobs may go in the long term in addition to as many as 4,000 job losses already announced as part of the merger.
-
UK Workers back Tata Steel Rescue Plan
Nearly 10,000 were voting in a ballot over the past few weeks on whether they would accept moving from a final salary pension to a less generous scheme in return for job safety and Tata's promise of nearly 1-billion-pound worth of investment over the next 10 years.
-
British Steel To Reverse Tata Steel Pay Cuts At UK Plant
British Steel began operating the Scunthorpe plant after Tata Steel had sold the unit to investment group Greybull Capital for a token 1 pound in June last year.
-
Tata Steel Offers To Pay Millions For Pension Scheme Revamp: Report
Last month, Tata Steel UK offered British unions a deal guaranteeing jobs and investment in return for pension cuts.
-
Tata Steel Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel is exploring a joint venture with Germany's ThyssenKrupp and one of the options would have meant job losses at the plant employing around 4,000 as a result of shutting down of one of two blast furnaces on the site.
-
Tata Steel UK Operations Still 'Not Out Of The Woods', Says CEO
Port Talbot and its down-stream businesses are believed to be back in profit but a long-term period of sustained profitability is required for any real turnaround.
-
Tata Steel May Be Close To Pension Deal: Report
The Tata Group firm is understood to have opened talks with the UK's Pension Protection Fund and the Pensions Regulator over an unorthodox restructuring deal, which would see a merger of its European arm with Germany's ThyssenKrupp, The Sunday Times claimed in its report.
-
British Steel Back In Profit After Spin-Off From Tata
British Steel has returned to profit by boosting efficiency after being hived off as a loss-making division from Tata Steel in April, executive chairman Roland Junck said on Thursday.
-
Tata Steel Set For Trade Union Talks In UK: Report
Tata Steel is set for what are believed to be crunch talks with trade union representatives of its UK steelworks to settle the deadlock over a 15-billion-pound pension scheme for its workers, the main obstacle in its merger with German rival ThyssenKrupp.
