UK steel jobs safe after multinational commits to plants
LONDON — A deal between multinational Tata Steel and unions secured some 8,000 jobs across Britain on Wednesday in an agreement that ended months of uncertainty for steelworkers and their families.
Tata pledged to keep two blast furnaces operating for five years and to invest in the massive plant in Port Talbot, in south Wales. Compulsory redundancies will be avoided.
But pensions remain a sticking point and the unions say the revised pension plan remains “worrying.” The company said the agreement is subject to the pension changes being accepted.