Socialist Worker

Unions ballot at Tata Steel

Issue No. 2445

The Unite, GMB and Community unions are set to ballot their members working for steel giant Tata Steel over bosses’ attacks on their pensions. 

Tata Steel bosses are planning to shut down the  workers’ final salary pension scheme in April 2016. 

They are trying to replace it with a defined contribution scheme, which could leave workers worse off. 

Bosses claim the changes are necessary to ensure “competitive future pension provision”. 

But unions have pointed out that last November the assets of the British Steel Pensions Scheme were valued at around £13.6 billion and have continued to increase.

The changes would affect around 17,000 workers. They’re employed across its three steel plants in Port Talbot, South Wales, Scunthorpe in the north east of England, and Rotherham in South Yorkshire and smaller subsidiary sites. 

Unions have also said that bosses are “hell bent” on forcing through the attacks, and are refusing to cooperate with the unions. 

This would be the first national industrial dispute in more than 30 years.

 


Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Article information

News
Tue 17 Mar 2015, 17:35 GMT
Issue No. 2445
Share this article


Tags



Mobile users! Don't forget to add Socialist Worker to your home screen.