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Tata UK News

22 May 2016

Bid rivals set to join forces for Tata Steel UK buyout: Report

Management buyout firm Excalibur and Indian-origin businessman Sanjeev Gupta's Liberty House, the two front-runners in the race to acquire Tata Steel's UK assets, are believed to be considering joining forces, it emerged Sunday.

29 May 2015

Tata Steel warns of shortfall of 2 bn pounds in pension scheme

Tata Steel in the UK on Friday warned its employees that the new pension scheme is heading for a huge shortfall of 2 billion pounds (USD 3 billion) as unions prepared to announce the results of a ballot to determine industrial action against the Indian steel giant.

29 May 2015

Tata Steel says union's proposal unfair; warns $3 bn shortfall

Facing with USD 3 billion shortfall in pension funds in UK operations, Tata Steel on Friday said that any industrial action against its proposed changes in the pension scheme will be "self-defeating" and will "jeopardies" a sustainable business in country.

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