Tata Steel: Unions close to deal to keep Port Talbot open

December 5, 2016 3:46 pm Published by

Tata Steel: Unions close to deal to keep Port Talbot open

  • 5 December 2016
  • From the section Wales

Blue Tata signs at Port TalbotImage copyright
Getty Images

Unions are close to agreeing a deal with Tata Steel which would keep the Port Talbot works open along with other UK plants, BBC Wales understands.

Talks were held between the company and unions last week, where it is thought the issues of pensions, production and jobs were discussed.

It is thought a deal could emerge this week.

The future of Tata plants has been in doubt since the UK business was put up for sale in March.

The UK and Welsh governments offered financial support, but the company’s pension scheme has been deterring potential buyers.

Image copyright
Getty Images

It is unclear what deal might be struck on the pensions issue, but it is understood unions have insisted on maintaining the two blast furnaces at Port Talbot.

Tata Steel put plans to sell its UK business on hold in the summer as the company considered a European tie-up.

It employs almost 7,000 workers around Wales, including more than 4,000 at its plant in Port Talbot.

The other plants that would benefit from a deal being reached include Llanwern, Trostre, Shotton, Corby, Hartlepool and sites in the West Midlands.

Categorised in:

This post was written by FSB News