Tata Steel is currently in a formal 45-day consultation with Unite, Community and GMB unions over proposals to restructure the company.
Plans include closing the blast furnaces that produce molten iron from ore in Port Talbot this year, and installing an electric arc furnace that melts scrap steel.
Mr Nair, who is chief executive of Tata Steel’s UK operation, said the company was “disappointed” that strike ballots were held during the consultation period.
The company had “put forward a significantly enhanced, comprehensive package of support for employees impacted by the proposed transformation”, Mr Nair said.
“As a combined offer, it is the most favourable financial package of support our business has ever offered,” he added.
But he warned “these significantly enhanced employee support arrangements are conditional upon there being no industrial action in the business”.
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