Workers at Tata Steel are being consulted about potential industrial action over plans to close the company’s pension scheme.
The firm is one of South Yorkshire’s biggest employers, with more than 2,000 workers in Rotherham and Stocksbridge.
Senior managers have announced plans to close the British Steel Pension Scheme - prompting trade union representatives to prepare to ballot members for industrial action.
Roy Rickhuss, chairman of the National Trade Union Steel Co-ordinating Committee, said: “Tata Steel’s decision to close the BSPS is unnecessary and profoundly disappointing. We have lost all faith in the company and its leadership, which has brought us to the brink of a major national industrial dispute for the first time in over 30 years.
“We feel we have no option but to consult our members and prepare to ballot for industrial action to defend their hard won pension rights.”
A Tata Steel spokesman said: “We believe the trade unions’ proposals to change member benefits would have unfairly disadvantaged younger scheme members, who would have had to bear most of the impact of the changes.
“We remain committed to providing employees with competitive future pension provision.”