Posts tagged National Security

    Steelworkers Union Applauds as Biden Blocks Sale of US Steel to Japanese Giant

    January 4, 2025 // The Committee on Foreign Investment in the United States, a federal committee that has the power to review certain transactions involving foreign investment in the United States to evaluate a deal's impact on national security, decided to forgo making a formal recommendation about whether the deal should be allowed to proceed last week. The proposal also became ensnared in election year politics, with both presidential candidates saying that U.S. Steel should remain a domestically-owned firm. Rust Belt lawmakers in both parties, including Sen. Bob Casey (D-Pa.) and Sen. Sherrod Brown (D-Ohio)—both of whom lost re-election in November—and Vice President-elect JD Vance, an Ohio Republican, expressed opposition to the deal.

    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.

    Prolonged UAW strike will ‘collapse’ supply chains, Ford chair warns

    October 18, 2023 // “This should not be Ford versusthe UAW,” Ford said. “This should be Ford and the UAW versus Toyota, Honda, Tesla, and all the Chinese companies that want to enter our home market. Toyota, Honda, Tesla and the others are loving this strike because they know the longer it goes on, the better it is for them. They will win and all of us will lose.” UAW President Shawn Fain disagreed with Ford’s framing. “It’s not the UAW and Ford against foreign automakers,” Ford said, in remarks published by Detroit News reporter Jordan Grzelewski. “It’s autoworkers everywhere against corporate greed.” Ford warned that an extended strike would challenge supply chains not only at the automaker, but throughout the economy.