Tata Steel Clarifies On UK Plant
- 8 years ago
Tata Steel Management today testified in the UK Parliament about their plans of divesting UK operations. Tata Steel reiterated its determination to find a credible buyer for its UK assets, but at the same time pleaded the UK government to take over the pension liabilities of thousands of workers. Tata Steel UK CEO also went on to add that there will be no buyer for the distressed assets if the pension fund liability is not taken care of. Listen in.