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Labor
Union issues, contract negotiations and layoffs.
Latest News
POSCO to Boost Hiring Over Next Four Years
17 August 2017 - South Korea’s top steelmaker said it will step up hiring to secure its workforce through the digital revolution, according to The Korea Times newspaper.
Report: Two Killed in Coke Oven Explosion
16 August 2017 - Two people were killed and 10 others were injured Tuesday in a coke oven explosion at a Gerdau SA plant in Brazil, according to the Reuters news service.
Tata Steel Reportedly Preparing to Announce Deal on U.K. Pension Plan
09 August 2017 - Tata Steel and U.K. officials are hoping to announce on Friday that they’ve reached a deal to separate Tata Steel from its legacy British Steel pension fund, a move that would potentially allow the company to combine its European strip business with thyssenkrupp AG's steel division.
Steelworkers Ratify New Labor Agreement with Stelco Acquirer
07 June 2017 - Members of the United Steelworkers union have accepted a new labor deal with the buyer of Canada’s Stelco, clearing the way for it to emerge from creditor protection.
Stelco Takes Another Step Toward Completing Sale
31 May 2017 - Members of the United Steelworkers union are getting their first look at tentative labor agreements between their locals and the investment firm looking to buy Canada’s Stelco, reports The Hamilton Spectator newspaper.
Linde, Praxair Reach Outline Agreement on Merger
24 May 2017 - U.S-based Praxair Inc. and Germany’s Linde AG have reached an agreement in principle to merge through an all-stock deal, creating the world’s largest industrial gases supplier.
Tata Steel to Split From U.K. Pension Fund
18 May 2017 - Tata Steel said it has reached an agreement in principle to sever ties with its U.K. pension fund, a move that if finalized would remove an obstacle to possible a merger with thyssenkrupp’s steelmaking operations.
Thyssenkrupp joint venture would be 'high risk,' labor union says
11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.
AK Steel, United Steelworkers Agree to Four-Year Labor Pact
15 March 2017 - The United Steelworkers union at AK Steel Corp.’s Mansfield Works in Ohio have ratified a four-year labor deal, the company has announced.
Steelworkers Refuse Mediation in Labor Discussions with Essar Algoma
02 March 2017 - A court-appointed mediator has scheduled mediation sessions among the United Steelworkers union, Essar Steel Algoma and the lenders looking to acquire the Canadian steelmaker.
Essar Algoma CEO Expects Company to Exit Creditor Protection by Spring
28 February 2017 - Essar Steel Algoma president and chief executive Kalyan Ghosh said he believes his company will exit creditor protection by the end of March, just as its debtor-in-possession financing expires.
CB&I Issues Pink Slips as SunCoke Energy Contract Expires
21 February 2017 - Contractor CB&I is laying off 149 employees at the SunCoke Energy coke plant in Indiana, reports The Times newspaper of northwest Indiana.
Union Ratifies Labor Agreement With Canadian Wire Rod Maker
20 February 2017 - The United Steelworkers union has ratified a new three-year labor agreement with Canada’s Ivaco Rolling Mills, the union has announced.
Essar Algoma CEO Blasts Parent Company's Request to Reopen Sales Process
03 February 2017 - Essar Steel Algoma chief executive Kalyan Ghosh issued a statement Friday criticizing his company’s corporate parent, calling it “opportunistic” for making another pass at the business during late-stage negotaions with a potential buyer.
Judge to Union: Keep Strike Talk to Yourself
26 January 2017 - The judge presiding over Essar Steel Algoma’s creditor protection case has told union officials to refrain from speaking publicly about negotiations and possible labor actions, reports the local news website SooToday.com
Essar Algoma Seeks Wage Cut From Steelworkers Union
23 January 2017 - Canada’s Essar Steel Algoma, which continues to operate under creditor protection, might now headed toward a showdown with the United Steelworkers union.
Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant
13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.
Union Local Says It Will Get Behind U. S. Steel Canada Sale
23 November 2016 - A United Steelworkers union local said it will lend tentative support to a private investment firm’s bid to acquire U. S. Steel Canada, reports the CBC.
Schaeffler Announces Additional Job Cuts, Plant Consolidations
09 November 2016 - German roller bearings manufacturer Schaeffler said it plans to lay off 500 people and consolidate plants in Europe and the Americas as part of an expanded cost-cutting effort.
Weak Market Forces Union Electric to Consider Idling Roll Plant
02 November 2016 - Eight months after acquiring it, Union Electric Steel Corp. and parent Ampco-Pittsburgh have given notice that they might idle parts of the Åkers National Roll Co. plant in Pennsylvania due to market conditions.
