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Tata Steel: Unions discuss deal to keep Port Talbot open |
Tata Steel: Deal secured to keep Port Talbot open, union says |
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(about 2 hours later)
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Union leaders are discussing a possible deal with Tata Steel which would keep the Port Talbot works and other UK plants open. | A deal to secure jobs and production at Port Talbot and other steelworks across the UK has been made with Tata Steel, Community Union has confirmed. |
Representatives from Community, Unite and the GMB are holding talks at the Port Talbot steelworks. | It follows talks involving representatives from Community, Unite and the GMB at the Port Talbot steelworks on Wednesday. |
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 originally 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. | |
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. | |
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. | |
