21 November 2014
Corporate News

Joint statement from Tata Steel, trade unions and works council

Today, Tata Steel Chairman, Cyrus Mistry, and Tata Steel’s European Chief Executive, Karl Koehler, met with members of the UK National Trade Union Steel Co-ordinating Committee which is made up of Community, Unite and GMB, together with the Chair of Tata Steel’s European Works Council.

“Based on mutual respect, we have had a constructive meeting today where we agreed a way forward that will ensure that there is full and meaningful consultation between Tata Steel and the trade unions and works councils in Europe over the potential sale of the Long Products Europe business.

“Tata Steel will give serious consideration before a potential sale to alternatives put forward by the trade unions and their consultants in the interest of its employees. The company also confirmed it would act as a responsible seller taking into account the interests of all stakeholders.

“We agreed that the consultation process should be concluded before a sale is completed.

“We understand that this is a period of uncertainty for the workforce at Long Products Europe, but this time is necessary to enable the completion of both the due diligence and consultation processes.”