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TATA STEEL LTD. - Tata Steel Ltd reply to clarification sought by the exchange
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30 Apr 2015
The Exchange had sought clarification from Tata Steel Ltd with respect to news article appearing in Business Line on April 29, 2015 titled &quot;Tata Steel faces strike in UK as unions give notice of polling for industrial action&quot;&lt;BR&gt; &lt;BR&gt;Tata Steel Ltd replied stating &quot;Tata Steel UK Limited, the Company&apos;s subsidiary has been in discussions with the UK trade unions about the future of defined benefit pension provision under the British Steel Pension Scheme (BSPS). As part of the discussions and negotiations, the subsidiary company proposed restructuring of the Scheme benefits. The negotiations with the UK unions have concluded without support from the trade unions on proposed modifications to the Scheme. The company is currently engaged in an consultative process with the BSPS members. &lt;BR&gt;&lt;BR&gt;Tata Steel is committed to making disclosures at the appropriate time. We clarify that currently there has been no event that requires a disclosure under Clause 36 of the listing agreement.&quot;
View all announcements for TATA STEEL LTD. Source: BSE India