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07 Dec
20:04

Tata and unions agree on 'sustainable' UK future

The worst best-kept secret of recent days is now public knowledge. Tata Steel UK confirms to Kallanish that it has reached agreement with the trade unions on a “… more sustainable” future for its UK operations. This will involve progression towards closure of the company’s defined benefit pension scheme to future accrual, Tata says. The company will start consultation next week with its employees on a proposal to close the British Steel …
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