ICICI Securities Ltd | Retail Equity Research Tata Steel UK has reached an agreement with trade unions on a number of proposals that would structurally reduce risks and help secure a more sustainable future for its UK business. The proposal will need employees' approval. As per the agreement, the company, in the near term, will start consultation with its employees on a proposal to close the British Steel Pension Scheme (BSPS) to future accrual. Employees would be offered a competitive defined contribution scheme. The company and trade unions...