Crisis-hit Tata Steel asks suppliers to slash prices
Amid a crisis in Britain's steel sector, Tata Steel has warned its suppliers that if they do not slash prices by up to 30 per cent in the long term then they risk losing the steel giant's business.
Nov 09, 2015, 06:43 AM IST
UK govt, Tata Steel announce 9 mn pound support package
The 1,200 Tata Steel workers in the UK facing job cuts have been thrown a lifeline with a 9 million pound support package put together by the British government and the Indian steel giant.
Oct 23, 2015, 19:58 PM IST
Tata Steel to cut around 1,200 jobs in Europe
Tata Steel will cut around 1,200 jobs in Europe, with the UK being the worst hit, under a planned restructuring to deal with "flood of cheap imports" from China and other places.
Oct 20, 2015, 17:14 PM IST
Tata Steel UK's deficit in pension scheme stands at $138 mn
Tata Steel Wednesday said that its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme stands at about 90 million pound (around USD 138 million) as of March 2014.
Oct 07, 2015, 20:23 PM IST
Talks with Klesch Group discontinued: Tata Steel
Tata Steel Wednesday said talks with Switzerland-based Klesch Group for sale of its Long Products Europe business have been discontinued.
Aug 05, 2015, 23:05 PM IST
Tata Steel completes UK business move
Tata Steel has completed the move of incorporating its Long Products Europe (LPE) division into a new standalone wholly-owned subsidiary within its European operations to create a sustainable future.
Aug 04, 2015, 18:31 PM IST
Tata Steel up over 2% as UK pension dispute ends
Shares of Tata Steel jumped over 2 percent today following resolution of a major labour dispute at the UK arm of the company.
Jul 16, 2015, 13:07 PM IST
UK Unions' decision recognises shortfall in pension fund: Tata Steel
The UK trade unions' decision to suspended strike at Tata Steel plants in the country recognises the substantial shortfall in the pension fund and the need to jointly address it, the steel maker said.
Jun 20, 2015, 14:53 PM IST
UK unions suspend strike action at Tata Steel after new offer
Unions have suspended next week`s planned strike action at Tata Steel`s UK plants and are recommending that their members accept the company`s new pension offer.
Jun 19, 2015, 23:22 PM IST
Tata Steel workers begin action ahead of planned strike in UK
Tata Steel workers in the UK have begun the work-to-rule action ahead of a planned strike next week over the company's proposed changes to the British Steel Pension Scheme.
Jun 16, 2015, 23:00 PM IST
Tata Steel approaches Acas to resolve pension dispute
In a bid to resolve the pension dispute with its trade unions, Tata Steel Sunday said it has approached British conciliation service Acas.
Jun 14, 2015, 18:19 PM IST
Tata Steel declines over 2% as British Unions plan strike
Shares of Tata Steel on Thursday fell over 2 percent on the bourses after UK unions notified the company of an industrial action on June 22 over the firm's proposal to revise the British Steel Pension Scheme (BSPS).
Jun 11, 2015, 12:39 PM IST
UK unions notify Tata Steel of industrial action on June 22
Tata Steel on Wednesday said trade unions have informed it on their plans for industrial action at all its plants across the UK over the firm's proposal to revise the British Steel Pension Scheme (BSPS).
Jun 10, 2015, 20:48 PM IST
Tata Steel to write down Rs 6,500 cr in impairment charge
Tata Steel Thursday said it is likely to write down a total of Rs 6,500 crore for the 2014-15 fiscal mainly due to impairment of a unit in the UK, a part of its European operations and a coal project in Mozambique.
May 14, 2015, 22:46 PM IST
Tata Steel workers to be balloted over industrial action
Indian steel giant's European arm -- Tata Steel UK -- today called for "unconditional talks", even as British unions prepared to start balloting the company's nearly 17,000 workers to decide on whether to take strike action, a day before the country's May 7 general election.
May 05, 2015, 23:05 PM IST
UK unions give Tata Steel notice of industrial action ballot
British steel unions have given official legal notice to Tata Steel UK about their intention to start balloting some 17,000 members for industrial action from May 6, one day before the country`s general election.
Apr 28, 2015, 16:15 PM IST
Tata Steel faces industrial action ballot in pension row
Tata Steel's proposal to close the British Steel pension scheme has trade unions up in arms, which on announced industrial action ballot against the company's decision.
Apr 13, 2015, 18:51 PM IST
Tata Steel's recent plans credit positive: Moody's
Tata Steel's decision to sell its long product business in the UK and its bank debt refinance plan will be credit positive and alleviate funding pressure, Moody's Investors Service said on Monday.
Oct 20, 2014, 13:33 PM IST
