Complex pension talks and opposition from German trade unions emerge as major obstacles to proposed tie-up between European steel operations
The proposed merger between Tata Steel and the steel operations of Thyssenkrupp, which would secure the future of the Port Talbot steel works and a total of 8,000 UK jobs, is at risk because of complex negotiations around pensions and opposition from German trade unions.
Talks between Tata Steel and German company Thyssenkrupp about combining their European steel operations have been ongoing for months but there are still major hurdles to overcome.
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2pIoNtV
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