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USW wins small victory in ongoing US Steel Canada asset sale

Tuesday, 31 March 2015 02:20:08 (GMT+3)   |   San Diego
       

US Steel Canada workers agreed to delete a clause in the company’s plan to sell its assets that could allow the company's US-based parent buy the assets for amounts it claims it is owed.

According to the USW, workers are eager to ensure their claims, especially for the desperately underfunded pension plans, will be addressed.

A new court hearing has been scheduled for Thursday; during that time the union's lawyers will be able to question the company’s financial advisor, who so far has defended the sales process as the best way to maximize the return on US Steel's assets in Hamilton and Nanticoke.


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