Media captionCommunity union president, Alan Coombs, chairman of the multi-union group at Port Talbot, said it was “good news” Tata Steel has made a commitment to secure jobs and production at Port Talbot and other steelworks across the UK, unions have said.
It could bring an end to eight months of uncertainty for thousands of workers who faced losing their jobs when Tata"s UK business was put up for sale.
Community Union made the announcement following talks with Tata and other unions Unite and GMB on Wednesday.
But workers still have to agree to it and will be balloted in the new year.
A number of “significant” measures include:
A guaranteed, minimum five-year commitment to keeping two blast furnaces at the Port Talbot plant A 10-year £1bn investment plan to support steel making at the site A commitment to seek to avoid compulsory redundancies for five years A consultation on replacing the current pension with a “defined contribution scheme” involving maximum contributions of 1..
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