“Parasitic” financial advisors have “shamelessly bamboozled” British Steel pension scheme members, according to MPs who have warned of “another major mis-selling scandal” conducted under the noses of…Read more…
Steel – still challenges ahead
The last couple of years have been very rocky for Britain’s steel industry, as the UK’s major players – including Tata, SSI and Caparo – announced sell offs, shut downs and redundancies. There…Read more…
Steel workers’ choose ‘best option’
The consultation over Tata steelworkers’ pensions closed this week (January 29) after nearly 100,000 workers made key decisions over their future retirement income. The vast majority of the…Read more…
‘Vulture mentality’
Unite is warning members to be aware of dodgy financial advisers targeting Port Talbot steelworkers under rules introduced in 2015 that allow pensions to be taken out as a lump sum. The…Read more…
New steel venture
German steel company Thyssenkrupp and Tata Steel today (September 20) announced that they had taken the first step in merging their European operations after signing a memorandum of understanding…Read more…
Uncertainty over at last
Tata Steel has today (August 11) announced that it has signed the documentation for a Regulated Apportionment Arrangement (RAA) with the Trustee of the British Steel Pension Scheme (BSPS). …Read more…
‘Remarkable’ transformation
On its first anniversary British Steel, which took over Tata’s Scunthorpe steelworks last year, has given workers a 5 percent stake in the business after returning a profit of £47m. Unite…Read more…
Steel pension plans
Tata Steel announced yesterday (May 16) an outline agreement on how it would restructure its pension scheme. It pledged to pump £550m into the British Steel pension scheme and would also give…Read more…
‘We proved the world wrong’
It’s been nearly a year since hundreds of steelworkers from across the UK descended on Parliament in a march to save an industry that forms the bedrock of all UK manufacturing. At the time,…Read more…
“UK manufacturing deserves no less.” Why employers & unions are calling for strong trade remedies
As the UK leaves the European Union, it will need to develop its own independent trade policy that fits with a wider industrial strategy. This includes developing a system of trade remedies, the instruments that are used to combat market distortions (s…Read more…
Steel deal completed
Unite said today’s (May 2) announcement that Liberty House had formally completed a £100m deal to acquire the speciality steel division of Tata Steel UK, was testament to the skills and resolve of…Read more…
Built for Britain
Unite general secretary Len McCluskey will warn the government that it risks betraying steelworkers and their industry, if it fails to guarantee the use of UK steel in major infrastructure projects…Read more…
Steel deal accepted
Steelworkers today (February 15) voted to accept Tata Steel UK’s investment proposals. In a consultative ballot on Tata Steel’s proposal on pensions, jobs, investment and production, Unite…Read more…
Unite welcomes Tata sale
Unite said it looked forward to working closely with Liberty House to secure the future of advanced steelmaking in the UK. It followed today’s (February 9) announcement that Tata Steel has…Read more…
Tata jobs – at a price
Tata steelworkers are set to vote in a ballot that opened today (January 30) over the company’s proposals to rescue the Port Talbot steelworks, commit to investment and save thousands of jobs across…Read more…
Welcome steel report
The country’s largest manufacturing union, Unite called on government ministers to adopt yesterday’s (January 23) special report published by the all-party parliamentary group on Steel and…Read more…
Step in the right direction
Unite along with other steel unions have yesterday (December 7) secured a commitment from Tata Steel to secure the future of jobs and production at Port Talbot and other steelworks across the UK….Read more…
Tata sell-off audit call
Job security and the future of the pension scheme are key priorities for Unite following today’s (November 28) announcement that Tata Steel UK is to sell its speciality steel business to Liberty…Read more…
British steelworkers take #SaveOurSteel message to Brussels
Steel union members from Scunthorpe, South Wales and other parts of the UK joined over 10,000 steelworkers from all over Europe to demonstrate in Brussels today against Chinese steel dumping, ahead…Read more…
‘No real guts for the fight’
Thousands of steelworkers from across Europe today (November 9) joined Unite steel members in a march through Brussels to protest and demand government action to defend the industry. Speaking…Read more…