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Steelworkers Ratify New Labor Agreement with Stelco Acquirer
06/07/2017 - 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.
With the agreement, the provincial judge presiding over the case is expected to approve Stelco’s plan to be acquired by U.S. investment firm Bedrock Capital, according to The Hamilton Spectator newspaper.
Stelco has been operating under creditor protection for more than two years.
The Spectator has the full story here.
