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Tata Steel: Unions to discuss deal to keep Port Talbot open Tata Steel: Unions discuss deal to keep Port Talbot open
(about 2 hours later)
Union leaders will meet later to discuss a possible deal with Tata Steel which would keep the Port Talbot works and other UK plants open. Union leaders are discussing a possible deal with Tata Steel which would keep the Port Talbot works and other UK plants open.
Representatives from Community, Unite and the GMB will hold talks at the Port Talbot steelworks on Wednesday morning. Representatives from Community, Unite and the GMB are holding talks at the Port Talbot steelworks.
Details of the deal are not known, but is understood unions insisted on maintaining the site's two blast furnaces in talks with Tata last week. Details of the deal are not known, but it is understood unions insisted on maintaining the site's two blast furnaces in talks with Tata last week.
Tata's UK business was put up for sale in March.Tata's UK business was put up for sale in March.
But this was put on hold as the company considered a European tie-up with German steelmaker ThyssenKrupp.But this was put on hold as the company considered a European tie-up with German steelmaker ThyssenKrupp.
Almost 7,000 people are employed by Tata Steel across Wales, including more than 4,000 in Port Talbot.Almost 7,000 people are employed by Tata Steel across Wales, including more than 4,000 in Port Talbot.
Other plants that would benefit from a deal being reached include Llanwern, Trostre, Shotton, Corby, Hartlepool and sites in the West Midlands.Other plants that would benefit from a deal being reached include Llanwern, Trostre, Shotton, Corby, Hartlepool and sites in the West Midlands.
Talks were held between the company and unions last week, where it is thought the issues of pensions, production and jobs were discussed.Talks were held between the company and unions last week, where it is thought the issues of pensions, production and jobs were discussed.
Both the Welsh and UK governments offered financial support, but the company's pension scheme has been deterring potential buyers.Both the Welsh and UK governments offered financial support, but the company's pension scheme has been deterring potential buyers.