Tata Steel UK expected to escape strike

Source: Economic Times

LONDON: The threat of the first major strike in Britain in nearly three decades seems to have been averted as Tata Steel UK's workers are expected to sign a new deal to end a pensions row.

A ballot of union members closes on Wednesday and is expected to deliver resounding support for the deal, 'The Sunday Times' reported.

The four unions -- Community, Unite, GMB and Ucatt -- called off a strike last month after the Indian steel giant agreed to retain a modified final-salary ..

The unions have recommended that staff accept the deal. Tata argued that reforms to the British Steel Pension Scheme, which has about 135,000 members and a deficit of more than 2 billion pound, are vital if the company is to return to profitability.

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