British Steel Pension Scheme
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Tata Steel UK Closes Pension Scheme To New Accruals From March 31
Tata Steel UK said it would still be "deeply engaged" in talks with the pension scheme trustees, regulators and unions to ensure the survival of British steelmaking and a fair solution for all members of the British Steel Pension Scheme.
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UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme
Tata Steel, Britain's largest steelmaker, is in talks with stakeholders about spinning off its British Steel Pension Scheme (BSPS) into a standalone entity and cutting benefits for all 130,000 members.
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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 Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel UK's future depends upon a solution for the14-billion-pound British Steel Pension Scheme, the liabilitiesof which it took on when it acquired Corus.
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UK Renews Pre-Brexit Vote Financial Aid Pledge For Any Tata Steel Buyer
The British government's offer of financial aid to potential buyers of Tata Steel's UK assets is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union.
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Brexit Seen Making Government Fix To Tata Steel Pension Plan Elusive
A government overhaul of the British Steel Pension Scheme - crucial to convincing anyone to buy Tata's British assets - is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said.
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UK Government Plans Steel Pensions Overhaul To Ease Sale Of Tata Assets
Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel's UK assets.
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UK Steelworkers' Pensions Could Be Slashed Under Tata Plan: Report
Tens of thousands of steelworkers in the UK could have their pensions slashed by up to 20 per cent under plans by Tata to wash its hands of the 15 billion pounds British Steel retirement scheme, media reported on Sunday.
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Tata Steel Gains 2%, UK Unit's Pension Deficit Falls
Tata Steel said that its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme stands at about 90 million pound (around $138 million) as of March 2014.
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Tata Steel UK's Deficit in Pension Scheme Stands at $138 Million
The residual deficit of Tata Steel UK Ltd (TSUK), an indirect subsidiary of Tata Steel, stood at around 550 million pound (over USD 842 million) for the period ended March 31, 2011.
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Dispute at Tata Steel UK Ends as Unions Agree Pension Changes
The vote by members of British unions Community, Unite, GMB and UCATT means the Tata Steel workers' final salary pension scheme will stay open, following agreed changes.
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Tata Steel UK Expected to Escape Strike: Report
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.
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Workers at 4th Tata Steel UK Union Vote to Strike
A fourth trade union at Tata Steel UK has voted for strike action, setting the scene for the biggest labour dispute in the British steel industry in three decades after three unions backed a strike last week.
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Tata Steel Pension Scheme Dispute Escalates
British unions will start balloting some 17,000 Tata Steel workers for industrial action from May 6, one day before the country's general election, in a move that threatens to further deter investors from the shrinking UK steel sector.
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Tata Steel Pension Row Flares Up, Unions Send Legal Notice
The steel behemoth is on warpath with the country's unions over suspension of the British steel pension scheme, against which the unions have decided to ballot its members for an industrial action from May 6, a day before Britain's general elections.
-
Tata Steel UK Closes Pension Scheme To New Accruals From March 31
Tata Steel UK said it would still be "deeply engaged" in talks with the pension scheme trustees, regulators and unions to ensure the survival of British steelmaking and a fair solution for all members of the British Steel Pension Scheme.
-
UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme
Tata Steel, Britain's largest steelmaker, is in talks with stakeholders about spinning off its British Steel Pension Scheme (BSPS) into a standalone entity and cutting benefits for all 130,000 members.
-
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 Planning To Keep UK Port Talbot Plant Operational: Report
Tata Steel UK's future depends upon a solution for the14-billion-pound British Steel Pension Scheme, the liabilitiesof which it took on when it acquired Corus.
-
UK Renews Pre-Brexit Vote Financial Aid Pledge For Any Tata Steel Buyer
The British government's offer of financial aid to potential buyers of Tata Steel's UK assets is still on the table, business minister Anna Soubry said on Wednesday, despite Britain's shock vote last month to leave the European Union.
-
Brexit Seen Making Government Fix To Tata Steel Pension Plan Elusive
A government overhaul of the British Steel Pension Scheme - crucial to convincing anyone to buy Tata's British assets - is in jeopardy after Britons' vote to leave the European Union deepened the fund's debts and depleted its assets, analysts and industry sources said.
-
UK Government Plans Steel Pensions Overhaul To Ease Sale Of Tata Assets
Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel's UK assets.
-
UK Steelworkers' Pensions Could Be Slashed Under Tata Plan: Report
Tens of thousands of steelworkers in the UK could have their pensions slashed by up to 20 per cent under plans by Tata to wash its hands of the 15 billion pounds British Steel retirement scheme, media reported on Sunday.
-
Tata Steel Gains 2%, UK Unit's Pension Deficit Falls
Tata Steel said that its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme stands at about 90 million pound (around $138 million) as of March 2014.
-
Tata Steel UK's Deficit in Pension Scheme Stands at $138 Million
The residual deficit of Tata Steel UK Ltd (TSUK), an indirect subsidiary of Tata Steel, stood at around 550 million pound (over USD 842 million) for the period ended March 31, 2011.
-
Dispute at Tata Steel UK Ends as Unions Agree Pension Changes
The vote by members of British unions Community, Unite, GMB and UCATT means the Tata Steel workers' final salary pension scheme will stay open, following agreed changes.
-
Tata Steel UK Expected to Escape Strike: Report
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.
-
Workers at 4th Tata Steel UK Union Vote to Strike
A fourth trade union at Tata Steel UK has voted for strike action, setting the scene for the biggest labour dispute in the British steel industry in three decades after three unions backed a strike last week.
-
Tata Steel Pension Scheme Dispute Escalates
British unions will start balloting some 17,000 Tata Steel workers for industrial action from May 6, one day before the country's general election, in a move that threatens to further deter investors from the shrinking UK steel sector.
-
Tata Steel Pension Row Flares Up, Unions Send Legal Notice
The steel behemoth is on warpath with the country's unions over suspension of the British steel pension scheme, against which the unions have decided to ballot its members for an industrial action from May 6, a day before Britain's general elections.
