HC Deb 18 December 1980 vol 996 cc289-90W
Mr. Nicholas Winterton

asked the Secretary of State for Industry what is the present total of redundancy money paid out to employees of the British Steel Corporation; what is his estimate of the total that will be reached by 31 March 1981; and what are the criteria by which redundancy pay levels are fixed.

Mr. Michael Marshall

Details of redundancy payments, and of the criteria under which some of the payments are made, are matters for the corporation. A full description of the different payments available to redundant steel workers was given by my hon. Friend the Under-Secretary of State in a reply to my hon. Friend on 10 June 1980. The BSC annual accounts for the year ended 29 March 1980 contained a provision for £386 million for future redundancy and closure costs. It is expected that most of this provision will be expended by 31 March 1981.