Tata Steel group executive director Koushik Chatterjee played a key role in negotiating the pension deal that was signed on Friday. As part of the arrangement, the deal will impact 125,000 members of the pension scheme. Chatterjee said the agreement ends months of negotiations and brings finality to Tata Steel’s year-and-a-half long UK business restructuring plan.
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What does the agreement mean for Tata Steel?
The Regulated Apportionment Agreement (RAA) process is essentially structured around derisking the future of Tata Steel UK to the future volatility of pensions. It is a well thought out process with regulatory support in the UK. It is targeted at ensuring the underlying business is sustainable in fut…
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