- Tuesday, April 16, 2024
By: Eastern Eye Staff
Indian steel giant Tata Steel is believed to be edging closer to striking a new deal over the £15-billion pension pot that stands in the way of an agreement over of its UK steelworks, according to a media report on Sunday (October 9). The Tata Group is understood to have opened talks with the UK’s Pension Protection Fund (PPF) and the pensions regulator over an unorthodox restructuring deal, which would see a merger of its European arm with Germany’s ThyssenKrupp, the Sunday Times newspaper claimed. An agreement could secure the immediate future of the Port Talbot plant in south Wales…
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