trade unions reached an agreement to break the iron and steel industry dilemma

• 来源：骏楠官网
• 作者：骏楠管理员
• 日期： 2017-02-20

    India Tata Steel Corp and British trade unions reached an agreement to break the iron and steel industry dilemma
British Steel workers voted in February 16th to agree with India's Tata Steel Corp to cut workers' pension in exchange for the company's commitment to investment and employment at the Welsh steel plant in the United kingdom. This marks the two sides reached an agreement on the settlement of protracted disputes, together to crack the British steel industry dilemma.
Tata's Steel Corp is located in Welsh area of Port Talbot steelworks, is the UK's largest steel plant. Affected by the continued weakness in global steel demand, manufacturing costs, exchange rate fluctuations and other factors, Tata Steel Corp in the past few years of continuous losses. The company in all steel business in March last year, plans to sell in the UK, but by the British government and the union block, then change the plan to seek with the German Thyssen Krupp company will form a joint venture business in europe. The move could cause the company to lose a large number of workers in the UK, so it was strongly resisted by the British trade unions.
In the iron and steel workers voted to reduce the pension scheme after Tata Steel Corp, the TUC said, steel workers made a great sacrifice, Tata Steel Corp should guarantee its investment and job commitment cannot increase workers distrust of the company.
Tata Steel Corp said the company will guarantee the production of Welsh steel plant in the next 5 years, so that the British steel business to achieve the company's financial objectives, and improve the working conditions of workers. But the company's pension burden is too heavy, must be cut in order to cope with the current financial crisis, in order to achieve the merger of Tata Steel Corp and Thyssen Krupp European business.
Faced with the dilemma of the steel industry, the British Labor Party leader Corbin called on the government to intervene in this, and consider the nationalization plan to save the steel industry. But the Commerce Department says the government will provide support for the steel industry, but will not adopt a nationalization scheme to solve the problem.