Posts tagged Japan
Sale of U.S. Steel still in limbo, union accuses proposed buyer of ‘bribery’
December 13, 2024 // USW is urging President Biden to block the sale before the end of his term. On Tuesday, union leadership sent a letter to its members saying Nippon was resorting to bribery to get the deal across the finish line. Nippon announced it would give $5,000 to employees other than senior leadership if the deal is finalized.
US Steel Deal ‘Doomed,’ Says Union ‘Steadfast’ in Opposition
September 13, 2024 // United Steelworkers union says it will not be bullied into accepting Nippon Steel Corp.’s last-ditch efforts to win over workers for its takeover of United States Steel Corp., calling the $14.1 billion acquisition a “doomed deal” and pledging to fight any foreign ownership of the company.