Reported 12 days ago
Nippon Steel's Vice Chairman, Takahiro Mori, recently outlined plans for a $950 million investment in U.S. Steel's largest mill amidst opposition from U.S. politicians and union leaders who want to keep the company domestically owned. While Mori strives for support by promising job security and bonuses to employees, the deal's fate hangs in the balance as a federal review on national security risks approaches. The situation is complicated by opposing sentiments among workers and union leadership, especially amid declining steel prices and concerns over potential plant closures.
Source: YAHOO