Harper Conservatives Enable U.S. Steel’s Latest Blow to Canada
TORONTO - The United Steelworkers (USW) union is committed to defending the interests of its members and pensioners affected by U.S. Steel Canada's application for bankruptcy protection.
"We are extremely concerned about these developments and we intend to do everything we can to protect our retirees and our members," USW National Director Ken Neumann said following today's filing by U.S. Steel under the Companies' Creditors Arrangement Act (CCAA).
"Once again U.S. Steel has left thousands of families and entire communities in limbo. They will have to endure a long and complex court process," Neumann said. "We will work together with other stakeholders to seek the best outcome for our members and retirees."
"We will demand that U.S. Steel is held to its obligations," said USW Ontario Director Marty Warren.
"We remain alarmed by the refusal of U.S. Steel and the federal Conservative government to disclose the terms of their agreement under the Investment Canada Act by which the government approved U.S. Steel's purchase of Stelco," Warren said.
Read More: http://www.usw.ca/media/news/releases?id=1026#.VBmL25AnrUU.facebook
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