close
close
hsuses

Tata Steel workers in the UK suspend strike

Theo






Tata Steel workers in the UK suspend strike

















XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

Reuters

Tata Steel workers in the UK suspend strike

UPDATE 1 – Tata Steel workers in the UK suspend strike

Changes procurement

LONDON, July 1 (Reuters) –Tata Steel workers in the UK have suspended a planned general strike and a ban on overtime after the company agreed to negotiations on future investmentsTThe Unite union said on Monday.

Around 1,500 Tata Steel TISC.NS Workers at Tata’s sites in Port Talbot and Llanwern were due to the start of an indefinite strike of 8 July about the company’s plans to close two blast furnaces and cut up to 2,800 jobs in Wales.

TThey have been banned from working overtime since June 17.

“This is a significant development in the fight to secure jobs and the long-term future of steel production in South Wales,” said Unite General Secretary Sharon Graham.

“It is vital that these discussions progress expeditiously and in good faith, with a focus on new investment and ensuring the long-term continuation of steel production in South Wales.”

Reporting by William James, editing by Kylie MacLellan

Disclaimer: The XM Group companies provide execution services only and provide access to our online trading platform through which individuals can view and/or use the content available on or through the Website. No modification or extension of these Terms is intended and will not occur. Access and use is always subject to the following terms: (i) General Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. The content provided therefore only represents general information. Please note in particular that the content of our online trading platform does not constitute an invitation or an offer to conclude transactions on the financial markets. Trading on financial markets carries a significant risk to your invested capital.

All materials published on our online trading platform are for educational and informational purposes only. The materials do not contain, and should not be construed as, financial, investment tax or trading advice or recommendations. In addition, the materials do not contain, and should not be construed as, a record of our trading prices, an offer or solicitation for any transactions in financial instruments or unsolicited financial marketing to you.

All third party content and the content provided by XM, as well as the opinions, news, research, analysis, prices and other information or links to third party sites provided on this website are provided “as is”. They are intended as general market commentary and do not constitute investment advice. To the extent that any content is deemed to be investment research, you must acknowledge and accept that the content has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is therefore to be regarded as a marketing communication in compliance with applicable laws and regulations. Please ensure that you have read and understood our non-independent investment research notice and risk warning in relation to the above information, which can be found here.