The steel plant, in Scunthorpe is to be taken over.
Workers have voted to accept a temporary 3% pay cut and changes to terms and conditions as part of the deal to sell Tata Steel’s Long Products business to Greybull Capital.
Members of Community, the GMB and Unite backed the changes, aimed at paving the way for the deal, which includes the huge steel plant at Scunthorpe.
Community officer Steve McCool said it was an “extremely difficult” decision, but the vote was a “major step forward” towards securing the future of the business.
The sale to Greybull is a rare piece of positive news for the industry, which is in crisis because of cheap Chinese imports and other issues such as energy costs.
Tata is looking for buyers for the rest of its UK business, including the Port Talbot works in South Wales, with thousands of jobs hanging in the balance.
