Posts tagged U.S Steel
Trump administration offers some details of how it would control US Steel, but union raises concerns
June 16, 2025 // The union said it was “disappointed” that Trump “has reversed course” and raised basic questions about the ownership structure of U.S. Steel. “Neither the government nor the companies have publicly identified what all the terms of the proposed transaction are,” the letter said. “Our labor agreement expires next year, on September 1, 2026, and the USW and its members are prepared to engage the new owners" of U.S. Steel "to obtain a fair contract.” If Trump has as much control of U.S. Steel as he has claimed, that could put him in the delicate position of negotiating the salary and benefits of unionized steelworkers going into midterm elections.
US Steelworkers union urges Trump to block Nippon Steel’s bid for U.S. Steel
May 26, 2025 // In a statement published a day after a powerful national security panel submitted a fresh recommendation on the deal to Trump, the union accused Nippon Steel of dumping steel on American markets for decades and argued its merger bid poses a threat to U.S. national security.
Opinion: Mitch McConnell: Nippon Steel Isn’t the Enemy
January 10, 2025 // In Georgetown, Ky., hundreds of skilled workers build automotive parts at a facility owned by Nippon Steel. About 5 miles away, another Japanese firm, Toyota, employs nearly 10,000 people full-time at the company’s largest vehicle-manufacturing plant in the world. Toyota recently announced more than $2 billion in new investments to expand and modernize its facilities there. Japan likely wonders why the Biden administration considers a major investment in American jobs and manufacturing a national-security risk but not its purchase of cutting-edge American military technologies.
Opinion: How Biden betrayed union workers by giving them what they wanted
January 7, 2025 // This would hurt the blue-collar American workers whom Biden prioritizes, many of whom wanted the deal to go through. But what’s good for rank-and-file members and what ego-sensitive union leaders want are not always aligned. United Steelworkers leaders were apparently peeved that Nippon had not sought the union’s blessing before making a takeover bid, as other prospective buyers had. (Those other suitors, however, had not offered nearly as generous terms and, in at least one case, blocked U.S. Steel from conducting due diligence on the offer.)
US Steel Boss: Biden’s Block of Sale Shameful, Corrupt
January 5, 2025 // Pres. Trump Sees China as #1 Threat, See More Here Home | Newsfront Tags: bien | steel | sale | corruption US Steel Boss: Biden's Block of Sale Shameful, Corrupt By Michael Katz | Friday, 03 January 2025 07:51 PM EST facebook sharing buttontwitter sharing buttonlinkedin sharing button Comment|Print| A A David Burritt, the president and CEO of U.S. Steel, said Friday that President Joe Biden’s decision to block the company’s sale to a Japanese rival was “shameful” and “corrupt.” Biden’s long-awaited decision on the deal came in a presidential order posted Friday on the White House website, declaring Nippon Steel’s $14.9 billion bid for the U.S. steelmaker “prohibited.” White House press secretary Karine Jean-Pierre told reporters Biden was acting on a recommendation by the Committee on Foreign Investment in the United States that the acquisition “would place one of America’s largest steel producers under foreign control and create a risk for our national security and our critical supply chains.” “President Biden’s action today is shameful and corrupt,” Burritt said in a news release. “He gave a political payback to a union boss out of touch with his members while harming our company’s future, our workers, and our national security.”
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 announces plans to lay off hundreds at southern Illinois mill
November 30, 2023 // The mill has a total of 1,300 steelworkers, according to KTVI. Those numbers will be cut nearly in half with the 600 expected firings. Already, 400 employees have been temporarily laid off due to idling in September.
Auto suppliers say if UAW strikes expand to more plants, it could mean the end for many
September 20, 2023 // There are about 1,000 supplier facilities in Michigan, he said, noting that 96 of the top 100 suppliers to the North American auto market either have their headquarters or a facility in Michigan. So if the strike expands to other automaker plants and lasts into weeks, the job layoffs could reach into tens of thousands. "You have the direct employment and you have the multiplier affect of each of the automotive jobs and that is between six to 10 people for every one automaker job, so it’s substantial," Stevens said. "This is the largest industry in our economy. It has an economic contribution of over $300 billion annually to the state of Michigan.
United Steelworkers hold rally for new labor contract
October 10, 2022 // U.S Steel and its unions are currently fighting over a new labor contract. Typically contracts culminate to four years in length and include things like wage increases amongst other things. The rally held today included steelworkers from many of the mines expressing their grievances.