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British Steel Pension Scheme News
British Steel Pension Scheme
Tata Steel reports Rs 11.68 billion net loss in Q4 on one-off charges
Tue, May 16, 2017
Tata Steel plans to sell its British business due to heavy losses and will inject 550 million pounds into the British Steel Pension Scheme.
Tata Steel UK's pensions trustee warns deficit to surge
Fri, Jan 27, 2017
Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.
Tata Steel in talks to cut its UK pension scheme benefits - Trustees
Sat, Jan 14, 2017
Tata Steel, the UK`s largest steelmaker, is currently in talks to merge its European assets with Germany`s Thyssenkrupp but the success of those talks hinges on Tata being able to separate itself from its pension scheme.
Tata Steel reaches agreement with trade unions for closure of UK pension scheme
Thu, Dec 08, 2016
Koushik Chatterjee, Group Executive Director Tata Steel and Executive Director for its European business said: “The delivery of Tata Steel UK’s transformation plan and generation of free cash flows will be the key enabler for the future sustainability of the business and we are very encouraged by the early signs of the delivery of the plan."
Tata Steel, Thyssenkrupp looking at reducing Port Talbot's capacity
Tue, Nov 29, 2016
Tata announced on Monday that it was investing 85 million pounds in its UK business this year.
Tata Steel may be close to pension deal
Sun, Oct 09, 2016
The steel pension scheme is one of Britain's biggest, with 130,000 retired and working members.