Tata Steel declines over 2% as British Unions plan strike

Last Updated: Thursday, June 11, 2015, 12:39

Shares of Tata Steel on Thursday fell over 2 percent on the bourses after UK unions notified the company of an industrial action on June 22 over the firm's proposal to revise the British Steel Pension Scheme (BSPS).

UK unions notify Tata Steel of industrial action on June 22

Last Updated: Wednesday, June 10, 2015, 20:48

Tata Steel on Wednesday said trade unions have informed it on their plans for industrial action at all its plants across the UK over the firm's proposal to revise the British Steel Pension Scheme (BSPS).

UK unions for strike action against Tata Steel from June 22

Last Updated: Monday, June 8, 2015, 19:49

UK trade unions - Community, Unite, GMB and UCATT - Monday announced "strike action" against Tata Steel over its proposal to scrap the British Steel Pension Scheme (BSPS).

Tata Steel, Swansea University join hands for environment project

Last Updated: Friday, June 5, 2015, 19:25

"The collaboration known as ACCOMPLISH (Algal Carbon Capture and Biomass-Linked Supply Chain) is a unique pilot which is part of a wider Swansea University project, EnAlgae," Tata Steel said in a statement.

UK Unions to meet on Monday over strike action at Tata Steel

Last Updated: Thursday, June 4, 2015, 21:25

Trade unions -- Community, Unite, GMB and UCATT -- will meet next week on Monday to decide on the "strike action" on Tata Steel's proposal to scrap the British Steel Pension Scheme (BSPS).

David Cameroon wades into Tata Steel strike threat

Last Updated: Wednesday, June 3, 2015, 23:43

British Prime Minister David Cameron Wednesday said his government has started discussions with Tata Steel over a strike threat by its workers in the UK over a pension row.

Tata Steel reclaims a piece of history

Last Updated: Monday, June 1, 2015, 22:20

Domestic giant Tata Steel Monday reclaimed a piece of history as it acquired a desk weight which is a cut up from a section of the first steel rail track rolled at its Jamshedpur facility in 1912.

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

Last Updated: Friday, May 29, 2015, 19:47

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.

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

Last Updated: Friday, May 29, 2015, 19:03

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.

Tata Steel Thai unit sees return to net profit in 2015/16 on rise in demand, prices

Last Updated: Thursday, May 21, 2015, 12:11

Tata Steel Thailand PCL, the Thai unit of Tata Steel Group, said on Thursday it expected to return to net profit for the fiscal year ending March 2016, lifted by rising steel prices and higher demand.

Tata Steel trims capex by 25% to Rs 10,000-cr this fiscal

Last Updated: Thursday, May 21, 2015, 00:32

Tata Steel, which reported a massive Rs 5,674 crore loss in the March quarter due to non-cash write downs, Wednesday said it will spend Rs 10,000 crore in capex this fiscal as it hopes demand conditions to improve over the next few quarters.

Tata Steel Pension Row: Another UK trade union joins fight

Last Updated: Wednesday, May 20, 2015, 21:25

The UK's largest trade union Unite Wednesday announced holding a ballot for industrial action over Tata Steel's proposal to close the British Steel Pension Scheme (BSPS), even as the firm said it has "initiated action on de-risking its exposure to the scheme."