Steelworkers lose arbitration case against US Steel in their bid to derail sale to Nippon ...Middle East

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An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce. The board, which was jointly chosen by U.S. Steel and the United Steelworkers to decide disputes between them, said Wednesday that U. S. Steel has satisfied each of the conditions of the successorship clause of its basic labor agreement with the union and that no further action under the agreement was necessary in order to proceed with the closing of the proposed transaction with Nippon Steel. USW had filed a series of grievances in January alleging that the successorship clause had not been satisfied. The union has previously state

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Last updated : 25 September 2024 clock 08:44 PM

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Steelworkers lose arbitration case against US Steel in their bid to derail sale to Nippon ...Middle East

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