Tata Steel commits to staying in Britain


India’s Tata Steel pledged on Wednesday (7) to stay in Britain, ending months of uncertainty over the future of its operations including at the sprawling Port Talbot plant. “Tata Steel UK today reached an agreement with trade unions on a number of proposals that would structurally reduce risks and help secure a more sustainable future for its UK business,” it said in a statement. The group vowed to keep its two blast furnaces at Port Talbot in Wales open until 2021, invest in various British sites and overhaul pensions. Trade unions added in a separate statement that Tata has entered…

You do not have access to this content. You need to subscribe.