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Tata Steel workers no longer convinced about Thyssenkrupp merger - Report

Steel News - Published on Fri, 12 Apr 2019

Image Source: BBC
BBC reported that unions at Tata Steel Europe, despite previous support, are now unconvinced the proposed merger with the German steel giant Thyssenkrupp should happen with increasing concerns that the deal is less of a merger of equals and more of a takeover of Tata Steel by Thyssenkrupp. Tata's European Works Council, which includes UK and Dutch unions, said it was against the sale of tinplate works Trostre near Llanelli and other proposed measures. EWC said "The way the process has been handled is completely unacceptable. We are seriously concerned about the balance of power and believe that future strategic decisions may prioritise the interest of Thyssenkrupp operations over those of Tata Steel Europe."

The merger proposed that 2,000 jobs would go each from Tata Steel and Thyssenkrupp. But the EWC said the current proposals would see more than 2,000 jobs go from Tata while there was no evidence of similar reductions at the German company.

The Carmarthenshire plant, which produces tin used in the food industry amongst others sectors, employs 650 workers, including 100 new starters over the last year.

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Posted By : Sanju Moirangthem on Fri, 12 Apr 2019
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