Deal secured to keep Tata Steel’s Port Talbot steel plant open, UK unions say
07 December 2016
A deal to secure jobs and production at Port Talbot and other steelworks across the UK has been made with Tata Steel, trade union sources have confirmed. This follows talks involving representatives from Community, Unite and the GMB at the Port Talbot steelworks on December 7.
Community Union said it had "secured a commitment from Tata Steel" over the future of the company's steelworks. Tata's UK business was originally put up for sale in March.
Details of the deal include a guaranteed, minimum five-year commitment to two blast furnaces, a 10-year £1bn investment plan to support steel making at Port Talbot, and a consultation on replacing the current British Steel Pension Scheme with a "defined contribution scheme" with maximum contributions of 10% from the company and 6% from employees.
Speaking after meeting with union representatives, Roy Rickhuss of Community Union said: "Reaching this stage of the process is a credit to the hard work of our members who never gave up the fight to 'Save Our Steel'."
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