• Monday, May 23, 2022

Business

UK business transformation ongoing: Tata Steel

Tata Steel is working towards securing the future of its UK employees

By: Sarwar Alam

Indian steel giant Tata Steel today said a “process of transformation” was ongoing to ensure a “viable future” for its units that remain under the company’s ownership in the UK. The company confirmed that discussions with British Steel Pension Scheme trustees and the UK Pensions Regulator will be concluded in the coming months. “Tata Steels UK business continues its process of transformation that is essential to create a viable future for its UK strip products business. Tata Steels strip products business will continue to employ almost 8,500 people in the UK, manufacturing products for sectors like the automotive and construction…

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