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.
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Tue, May 02, 2017
Bimlendra Jha, CEO of Tata Steel UK said, “As a responsible owner, Tata Steel in the last couple of years has undertaken a transformation plan at Specialty Steels, including investing in a state-of-the-art vacuum induction melting furnance, to ensure business can have a sustainable future.”
Sat, Feb 11, 2017
Tata and Thyssenkrupp shares have firmed on hopes a merger would trigger European steel capacity cuts. Tata Steel UK, Britain`s top steelmaker, is seeking regulatory approval to spin off its 15 billion pound scheme into a standalone entity because Thyssenkrupp will not take on its pension liabilities in a tie-up.
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.
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