Steelworkers on Teesside have accepted a temporary pay cut as part of rescue takeover.
Hundreds of local Tata Steel staff agreed to the change amid investment firm GreyBull Capital’s buyout of the Long Products Europe division.
Unions admitted it was a “difficult decision” but represented a “major step forward towards securing a sustainable future”.
Around 700 Long Products workers at sites in Skinningrove and Lackenby will be directly affected by the move.
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