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Reuters: U. S. Steel to Keep Slovak Plant for At Least 5 Years
03/26/2013 - U. S. Steel has agreed to stay on for at least five years as the owner of its mill in Slovakia, where it is the country's largest private employer, Slovak Prime Minister Robert Fico said on Tuesday, Reuters reports.
U. S. Steel has agreed to stay on for at least five years as the owner of its mill in Slovakia, where it is the country's largest private employer, Slovak Prime Minister Robert Fico said on Tuesday.
Fico signed a deal with U. S. Steel giving the company concessions on energy and environment costs, Fico said. He added that, in return, the company agreed to maintain its employment level, which at 11,000 is the main source of jobs in Slovakia's poorer eastern regions.
"The Slovak government fully understands the significance of U.S. Steel for the region and for all of Slovakia," Fico said at a televised signing ceremony at U.S. Steel's plant in the country's second biggest city of Kosice.
