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British Steel Pension Scheme News

02 May 2017

Tata Steel UK completes sale of speciality steel business to Liberty House Group

Tata Steel UK In a major announcement on Tuesday, Tata Steel UK announced that it has completed sale of its speciality steel business to Liberty House Group for 100 million pound.

08 Mar 2017

Tata Steel UK to close pension scheme, to implement new scheme

Tata Steel UK has completed the consultation process to close its existing pension scheme for its workers from March 31, 2017. A new pension scheme will be implemented from April 1, 2017.

13 Jan 2017

Tata Steel offers to pay millions for pension scheme revamp

09 Oct 2016

Tata Steel may be close to pension deal: Report

Indian steel giant Tata Steel is believed to be edging closer to striking a new deal over the 15-billion-pound pension pot that stands in the way of an agreement over of its UK steelworks, according to a media report on Sunday.

07 Oct 2015

Tata Steel UK's deficit in pension scheme stands at $138 mn

Tata Steel Wednesday 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 USD 138 million) as of March 2014.

Tata Steel shares

16 Jul 2015

Tata Steel up over 2% as UK pension dispute ends

Shares of Tata Steel jumped over 2 percent today following resolution of a major labour dispute at the UK arm of the company.

20 Jun 2015

UK Unions' decision recognises shortfall in pension fund: Tata Steel

The UK trade unions' decision to suspended strike at Tata Steel plants in the country recognises the substantial shortfall in the pension fund and the need to jointly address it, the steel maker said.

19 Jun 2015

UK unions suspend strike action at Tata Steel after new offer

Unions have suspended next week`s planned strike action at Tata Steel`s UK plants and are recommending that their members accept the company`s new pension offer.

16 Jun 2015

Tata Steel workers begin action ahead of planned strike in UK

Tata Steel workers in the UK have begun the work-to-rule action ahead of a planned strike next week over the company's proposed changes to the British Steel Pension Scheme.

14 Jun 2015

Tata Steel approaches Acas to resolve pension dispute

In a bid to resolve the pension dispute with its trade unions, Tata Steel Sunday said it has approached British conciliation service Acas.

11 Jun 2015

Tata Steel Europe Chief meets British MPs over union trouble

"The scheme is faced with a projected shortfall of up to 2 billion pounds, which both the company and the unions agree makes change necessary. In a robust and constructive dialogue Koehler answered all the questions MPs asked him," it said.

11 Jun 2015

Tata Steel declines over 2% as British Unions plan strike

Shares of Tata Steel on Thursday fell over 2 percent on the bourses after UK unions notified the company of an industrial action on June 22 over the firm's proposal to revise the British Steel Pension Scheme (BSPS).

10 Jun 2015

UK unions notify Tata Steel of industrial action on June 22

Tata Steel on Wednesday said trade unions have informed it on their plans for industrial action at all its plants across the UK over the firm's proposal to revise the British Steel Pension Scheme (BSPS).

UK trade unions

08 Jun 2015

UK unions for strike action against Tata Steel from June 22

UK trade unions - Community, Unite, GMB and UCATT - Monday announced "strike action" against Tata Steel over its proposal to scrap the British Steel Pension Scheme (BSPS).

04 Jun 2015

UK Unions to meet on Monday over strike action at Tata Steel

Trade unions -- Community, Unite, GMB and UCATT -- will meet next week on Monday to decide on the "strike action" on Tata Steel's proposal to scrap the British Steel Pension Scheme (BSPS).

03 Jun 2015

David Cameroon wades into Tata Steel strike threat

British Prime Minister David Cameron Wednesday said his government has started discussions with Tata Steel over a strike threat by its workers in the UK over a pension row.

20 May 2015

Tata Steel Pension Row: Another UK trade union joins fight

The UK's largest trade union Unite Wednesday announced holding a ballot for industrial action over Tata Steel's proposal to close the British Steel Pension Scheme (BSPS), even as the firm said it has "initiated action on de-risking its exposure to the scheme."

05 May 2015

Tata Steel workers to be balloted over industrial action

Indian steel giant's European arm -- Tata Steel UK -- today called for "unconditional talks", even as British unions prepared to start balloting the company's nearly 17,000 workers to decide on whether to take strike action, a day before the country's May 7 general election.

13 Apr 2015

Tata Steel faces industrial action ballot in pension row

Tata Steel's proposal to close the British Steel pension scheme has trade unions up in arms, which on announced industrial action ballot against the company's decision.

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