Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

The United Steelworkers (USW) union will continue to negotiate with ArcelorMittal (MT)...

  • Sunday, September 2, 2012, 3:55 AM ET
    The United Steelworkers (USW) union will continue to negotiate with ArcelorMittal (MT) and U.S. Steel (X) after labor contracts expired at midnight last night. USW, which represents 26,000 workers at the companies, said that employees are continuing to work at ArcelorMittal, with neither a lockout or strike being declared.
Track new comments on this story

This news story has 4 comments:

  •  
    gotta love the unions they never give up when all the world around them is crumbling. fire them all and see how that works. bet someone will work for less than $70.00 per hour.
    2 Sep 2012, 10:33 AM Reply Like
  •  
    They probably heard that their strike fund was given to the Democrats to support Obama so they had little choice. Always better to work even under such oppressive conditions than to be paid nothing to sit at home. I wonder how many of them know the condition of the US and International steel markets? If it gets much worse, they will have to worry more about getting laid off than getting a raise.
    2 Sep 2012, 12:46 PM Reply Like
  •  
    Nobody's looking for a raise, the sticking point is a 36% pay cut.
    Something I guess you would take in heartbeat !!!
    3 Sep 2012, 05:23 AM Reply Like
  •  
    Not I, but the union should consider it carefully if they want to have jobs. Surely you know the market conditions for the steel industry in the US as well as the world.
    7 Sep 2012, 12:59 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Commodities Articles
More Latest Articles »