(Reopens FGN 29)
Tata Steel has declined to comment on the latest developments but Koushik Chatterjee, Group Executive Director Tata Steel and Executive Director for Tata Steel s European business, had said earlier this month: "The proposed changes to future pension provision and other employment terms are necessary to de-risk the company and help achieve long-term sustainability. "
Trustees of BSPS have warned its members that the funding gap can rise from 300 million pounds to as much as 2 billion pounds unless more funds are injected.
Tata Steel has declined to comment on the latest developments but Koushik Chatterjee, Group Executive Director Tata Steel and Executive Director for Tata Steel s European business, had said earlier this month: "The proposed changes to future pension provision and other employment terms are necessary to de-risk the company and help achieve long-term sustainability."
"We are also working separately on a necessary structural solution for the British Steel Pension Scheme fund."
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)