United Kingdom - The pension liabilities of Tata steel - April 30, 2017
Tata Steel is trying to hive off its historic liabilities before merging its European steel operations with German company ThyssenKrupp. Tata Steel could pay more than £500m into its UK pension scheme as part of a deal with regulators that involves the Pension Protection Fund taking a stake in the business. The Indian-owned company needs to find a solution to its pension scheme to secure the future of its UK operations, which employs 8,000 workers and includes the Port Talbot steelworks in south Wales.
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