STOCK MARKET BSE NSE

Pension Problem at Welsh Steel Plant Can be Solved - Tata UK CEO

Published: 28th April 2016 03:47 PM  |   Last Updated: 28th April 2016 03:47 PM   |  A+A-

LONDON: There are solutions to the high pension fund liability at the steel plant at Port Talbot in Wales that would not involve public money, Bimlendra Jha, the chief executive of Tata Steel UK, said on Thursday.

The government has said it is working with the pension scheme trustees of Tata Steel to reduce the impact on any purchaser, including whether it could separate the scheme from the business.

Jha said without action to solve Port Talbot's pension fund liability, there would be no buyer for the steel plant.

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp