Reported 2 days ago
The United Steelworkers union has raised concerns over Nippon Steel's proposal related to the merger with U.S. Steel, criticizing it for lacking a commitment to long-term production sustainability and domestic capacity enhancement. They argue that the proposal merely facilitates potential future production cuts without concrete guarantees for ongoing operations, describing it as an ineffective strategy to gain U.S. government approval for the merger.
Source: YAHOO