JOURNAL ARTICLE

United Steelworkers Union Signs NDA With Nippon Steel to Advance Talks.

  • 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

Nippon Steel Corp. and the United Steelworkers (USW) have signed a non-disclosure agreement (NDA) to allow talks to progress regarding Nippon Steel's planned $14.1 billion takeover of United States Steel Corp. The USW has publicly opposed the deal, but the NDA will enable discussions about accepting existing labor agreements. The union's opposition could potentially influence US President Joe Biden's decision on the acquisition, as he aims to preserve union jobs and domestic manufacturing in the US steel sector. A national security review of the deal is expected to conclude later this year, potentially aligning with the 2024 election. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/02, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:175677412
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