Steel strike off after compromise reached to keep scheme open
A nationwide strike at Tata Steel has been called off after the firm agreed to keep its scheme open in return for changes to benefits that will cut £1bn from its deficit.
Tata said the changes to the British Steel pension scheme (BSPS), which include a 1.75% cap on increases in pensionable pay, would have the same impact on the deficit as its original plan to close the...
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