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Tata Steel workers back pension cuts to secure jobs

Tata Steel
Tata Steel
Duncan Tift
Duncan Tift
Deputy Editor, West Midlands

Tata Steel workers – including hundreds in the West Midlands – have agreed to take a cut in their pensions in order to try and secure the future of the business, which has been sold to new owners in £100m deal.Prior to the company’s sale to Liberty House, workers represented by the Unite, Community and GMB unions were consulted on Tata’s proposals around pensions, jobs, investment and production.The proposals will see the workers' pensions enter a Pension Protection Fund, which could mean a 10% cut in ... for the full story register now for free or login below...

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