Labor Caucus Seeks Review of U. S. Steel Acquisition
01/03/2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation.
“Domestic steel production is crucial to the U.S. economy, including by supporting tens of thousands of well-paying, middle-class jobs across the country, as well as being key to the U.S. industrial base and our global competitiveness. To preserve U.S. domestic steel production capacity and to ensure that steel production jobs remain good jobs going forward, it is critical that any company that acquires U. S. Steel commits to respecting and working collaboratively with the company’s workforce,” caucus members wrote in a letter to President Joe Biden.
You can read the full letter here.