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10 Jan
15:33

thyssenkrupp staff refuse to support Tata pension liability

The employees of thyssenkrupp Steel Europe do not want to pick up the tab for a solution to Tata Steel Europe’s UK pension scheme difficulties (see Kallanish passim). According to reports of recent talks between Tata’s management and employees’ representatives in the UK, the company is pledging to keep the Port Talbot mill on stream for at least another five years. To do this however, it has to close the final-salary pension scheme to future ac…
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