Search This Blog

Monday, December 18, 2023

'United Steelworkers Union Says Nippon Deal for US Steel Won’t Work'

 

  • United Steelworkers had said it won’t support a foreign buyer
  • ‘We don’t know Nippon,’ USW President McCall says in interview

The United Steelworkers is urging US regulators to scrutinize Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp. as it rebukes the iconic American company for agreeing to sell to the Japanese producer.

The influential union representing a large contingent of US Steel employees is pressing for regulators to review the deal to decide if it benefits workers and serves US national security interests, according to a Monday statement by USW President David McCall.

https://www.bloomberg.com/news/articles/2023-12-18/united-steelworkers-say-nippon-buying-us-steel-won-t-work

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.