Popular, passionate and committed but Stuart Wilkie is not wanted in the leadership role that arguably saved Port Talbot steelworks.Read the full story ›
Unions say now Tata Steel workers have voted in favour of accepting pension reforms, it is time for the UK Government to do its bit.Read the full story ›
Tata steelworkers have voted to accept reforms to their pensions, unions announced.
The consultative ballots on Tata Steel's proposal on pensions, jobs, investment and production closed at noon today.
All union members were asked if they accepted the proposal, and the results for each union are as follows:
- Turnout: 70.5%
- Yes: 72.1%
- No: 27.9%
- Turnout: 69.2%
- Yes: 75.6%
- No: 24.3%
- Turnout: 51.5%
- Yes: 74.0%
- No: 26.0%
"We now expect Tata to make good on their promises and deliver the investment plan for the whole of their steel business" Community Union
Leaders of the three unions recommended acceptance of the changes as the best that could be achieved through negotiation.
The changes include the introduction of a defined contribution (DC) pension scheme, with maximum employer contributions of 10%, following the closure of the British Steel Pension Scheme (BSPS) to future accrual.
Tata Steel workers are today expected to give their verdict on a new pension offer.
A ballot began two weeks ago. A deal could mean reduced pension benefits for staff in exchange for job security.
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Police officers are at the scene of a protest in Port Talbot involving around 40 people outside the Biomas Power Station.
South Wales Police says its aim is to facilitate a peaceful protest. No arrests have been made.
A ballot on a new pension offer will be put to Tata Steel workers from today.
All unions and officials have agreed to fully endorse the proposal which includes a £1bn investment over 10 years.
The deal includes a two-blast furnace operation at Port Talbot and plans for no compulsory redundancies for the next five years.
But the current pension scheme will be terminated as part of the deal in return.
The deal includes a two-blast furnace operation at Port Talbot and plans for no compulsory redundancies for the next five years.Read the full story ›
Unite Wales says TATA employees will not be guided by “publicity seeking politicians”
This week Adam Price, Plaid Cymru’s Economy spokesman, called on Port Talbot's steelworkers to reject the pensions deal on offer from owners Tata.
The comments made by Plaid Cymru are deeply unhelpful at the present time.
Each employee of TATA has a difficult and personal decision to make.
As a Union we will be guided by our members.
It is for them to instruct us as to what their collective position will be on the proposals.
In December the Indian steel giant made a commitment guaranteeing production at Port Talbot for five years and pledging to seek to avoid compulsory redundancies.
It also announced that it would consult with workers on closing the existing British Steel pension scheme and replacing it with a new, defined contribution scheme.
Unions will ballot their members on the proposals later this month.
Mr Price said that the works should be temporarily nationalised and the sales process reopened if Tata does not rethink its offer.Read the full story ›
Secretary of State for Wales, Alun Cairns, has welcomed the Tata proposals which will secure the future of jobs and production at Port Talbot.
Commenting on the announcement, Alun Cairns said no stone had been left unturned in the Welsh Government's work to support the steel sector.
The progress made over the last few days between Tata and the trade unions over a proposal to put to workers is a welcome development. The UK Government continues to work with partners, the Unions and the Welsh Government to ensure we find a long-term viable solution for the industry.
We have left no stone unturned in our work to support the steel sector and we have been addressing the challenges facing the industry. We are committed to working with a range of parties to achieve a sustainable long term future for steel making at Port Talbot.