JOURNAL ARTICLE
US Steel Denies Breach of Labor Agreements in Nippon Deal.
Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Deaux, Joe 3 of 3
Abstract
The article focuses on the dispute between United States Steel Corp. (US Steel) and the United Steelworkers (USW) union regarding US Steel's sale to Japanese steelmaker Nippon Steel Corp. US Steel denies breaching its labor agreement by withholding information, stating it sought to share details but was limited by the union's refusal to sign a nondisclosure agreement (NDA). The USW claims the company violated multiple sections of their labor agreement by not consulting the union before announcing the $14.1 billion deal, which would create the world's largest steel company outside China. The sale has attracted political scrutiny, with the Biden administration's Committee on Foreign Investment in the United States (CFIUS) reviewing the transaction amid concerns about national security and labor relations.
Additional Information
- Source:Bloomberg.com. 2024/01, pN.PAG
- Document Type:Article
- Subject Area:History
- Publication Date:2024
- Accession Number:174637799
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