Steelworkers urge government to resolve concerns over Tata sale

Tata has sought to quell fears that Britain’s planned exit from the EU could derail the sale process, amid concern that bidders spooked by the potential impact of the referendum result could walk away.

 

The Indian-owned group hinted over the weekend that it was closing in on a deal to save the business, which includes the Port Talbot steelworks in Wales and its 11,000 staff. The seven potential buyers may have been encouraged by the weakness of the pound, which will make British steel less expensive to foreign buyers.

 

But Community said steelworkers needed assurances, amid fears that a weakened government may not be able to change laws governing the British Steel pension scheme, seen as crucial in pushing through a sale.

 

Roy Rickhuss, Community’s general secretary, said: “The result and the government turmoil that has resulted have placed new question marks over Tata Steel’s sales process and the trade unions need to understand what actions government will take to safeguard the future of UK steelmaking.

 

The steelworkers’ union Community has urged the government to resolve “question marks” over the sale of Tata Steel’s UK business in the light of the vote to leave the .

 

 

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