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Tata workers urged by AM to reject pension deal that could trigger massive investment

By South Wales Evening Post  |  Posted: January 08, 2017

  6 COMMENTS   SHARES
The AM is urging steelworkers to reject the proposals

The AM is urging steelworkers to reject the proposals

Comments (6)

TATA Steel workers have been urged by AM Adam Price to reject the current pension deal that will be voted on later this month.

The Plaid Cymru Shadow Cabinet Secretary for Business, the Economy and Finance, claimed the deal currently on the table was "unacceptable" and that workers should ask Tata to rethink its offer on the employment pact and investment.

He also accused Tata Steel of being opportunistic in its offer.

READ MORE: Steelworkers fear for future after deal to change Tata's pension scheme

"In my view the terms of the proposals on the table are simply unacceptable," he said.

"They are weighted far too heavily towards the company with the £1 billion investment reportedly contingent upon Tata Steel UK making a profit of £200 million each year.

"On top of this, the language of the employment act is highly dubious - seeking to avoid redundancies is not a concrete guarantee - and the company is seeking to walk away from its responsibilities to the 130,000 members of the British Steel Pension Scheme.

"It seems as if the company is using the events of the last 12 months to pressure workers to accept what is in reality an unacceptable deal.

"In my view the workers would be wise to ask the company to think again, and to come back to the table with a firm guarantee in terms of the employment pact and the investment.

"If Tata is not prepared to do this, the company should be nationalised on a temporary basis and talks reopened with those firms that have been waiting in the wings to buy it."

READ MORE: Tata warns that workers face dark times if they don't back proposals

But chairman of the Port Talbot multi-union committee, Alan Coombes, said Mr Price's comments were not helpful at this point.

"It's a difficult one. I understand where he is coming from but he has not been involved in the discussions," he said.

"I understand his comments but they are not helpful at this point. People need to understand what is happening with their pensions and I would urge them to go to the ongoing meetings about that."

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6 comments

  • neathguard  |  January 09 2017, 10:05AM

    Typical politian, gold plated pay and pension, no idea of how ordinary people live, just proves the disconnect between the ruling classes and the general public st large

    |   -1
  • Chestnuts  |  January 09 2017, 9:56AM

    What a prat. From the few details that the media have disclosed, the proposed pension plan is the same or very similar to most plans now available to workers. The old final salary plans are gone. Mr Price will pocket a nice fat pension when he finishes after only a few years, he knows nothing.

    |   -2
  • RichardCorso  |  January 08 2017, 6:04PM

    Ignore the dope - he wouldn't know what a days work was if it slapped him in the face

    |   5
  • crickhowell  |  January 08 2017, 3:09PM

    And when TATA walk away from Port Talbot because the workers reject the rescue plan, and 4,000 people lose their livelihoods, will AM Adam Davies still get his £60k annual salary for doing bu@@er all ? Yes he will. Keep your clever comments to yourself Mr Davies.

    |   4
  • andybeacham  |  January 08 2017, 1:08PM

    I'd like to know if Bethan Jenkins agrees with Adam Price.

    |   1

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