Tata Steel have today signed an agreement to sell their South Yorkshire based Speciality Steels business to Liberty House. Responding to this news, Roy Rickhuss, General Secretary of Community, the steelworkers’ union said:
“Today’s news is a welcome step forward in securing the future of the Speciality Steels business. However, this is not the end of the process and there is still work to do before the sale is completed. Community has been campaigning for months for longer-term certainty for these highly skilled jobs and we will now engage more directly with Liberty to understand their plan for the business.
“The steelworkers concerned produce some of the world’s most advanced steel products and we will need to be convinced this sale is in their best interests. We also need to see the government do more to help support the future of Speciality Steels and create an environment in which the whole UK steel industry can survive and grow.
“We are continuing to ballot our members in Speciality Steels over the future of the British Steel Pension Scheme and proposed alternative pension arrangements, which, should our members vote to accept the proposals, would transfer over as part of their terms and conditions once a sale is completed.”