We suffered a negative £300-million bleed and it required Tata Steel’s support. So far, we have seen a significant positive turnaround in the UK.In the UK, the focus is how to make the business sustainable. The old scheme gets supported from Tata Steel UK and then there will be a new scheme with option given to its 1,30,000 members, which include the pensioners, actives and the deferred — to go to the new scheme. It is important to make the business sustainable for ourselves. The impact on Tata Steel will be known once we know the path ahead.

Source: Economic Times May 23, 2017 19:52 UTC