Tata Steel's latest pensions deal in Britain does not lessen Thyssenkrupp workers' opposition to a possible merger of the two companies' European steel operations, said Thyssenkrupp's works council chief. "Now a joint venture really doesn't make any sense," Wilhelm Segerath told Reuters on Wednesday. Tata on Tuesday agreed to the main terms of a deal to cut benefits for its British pension scheme, which had been seen as a major stumbling block in the merger talks because Thyssenkrupp is opposed to taking on 15 billion pounds ($19.4 billion) in ...
Thyssenkrupp labour boss affirms opposition to Tata merger
Under the deal, Tata will plough 550 million pounds into the British Steel Pension Scheme (BSPS)