09-09-2016 15:27 via uk.news.yahoo.com

British steel workers face prospect of pension quick fix: sources

By Barbara Lewis and Carolyn Cohn LONDON (Reuters) - A steel industry plan to change its pension scheme and allow the sale of Tata's British operations is likely to be scrapped in favour of a fix that avoids a political row, government and industry sources told Reuters. Tata in March put its British steel operations up for sale, saying it could no longer sustain heavy losses. Industrial sources say the favourite outcome would be a joint venture with Thyssenkrupp of Germany, which like Tata in Br
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