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Tata Steel workers agree to accept new pensions offer

Tata Steel workers have agreed to accept the pensions offer from the company. Around 75% of union members agreed to the deal, which includes a £1bn investment over 10 years, a two-blast furnace operation at Port Talbot and plans for no compulsory redundancies for the next five years.

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Tata Steel workers to vote on new pension offer

Credit: PA

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.

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