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How was this a surprise? (slrpnk.net)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[+] [email protected] -6 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

You realize the union is against this acquisition? If this sale goes through, US Steel executives get a windfall and union members, without any protections, get to look for another job. Trump, Biden, and Harris all campaigned against it.

[–] someguy3 22 points 2 weeks ago* (last edited 2 weeks ago)

Union leaders at the Irvin Works in West Mifflin say 95% of their members are in favor of the Nippon merger, and many of them were at the Trump rally in Pittsburgh one day before the election.

The union leaders say they were initially skeptical of the deal, but support grew after they met with Nippon executives who visited the area during the summer. Nippon pledged to spend $1 billion to upgrade the 86-year-old hot strip mill at Irvin.

https://www.wtae.com/article/us-steel-nippon-trump-steelworkers/63085379

Says the steelworkers union organization officially opposes it, so sounds like the union leadership is split but the workers support it.

[–] [email protected] 5 points 2 weeks ago (1 children)

The jobs are even at more risk if US Steel goes under. Unless nationalization is an option.

[–] Madison420 4 points 2 weeks ago

It should be. There's a few industries you have to prop up even if they're wildly uneconomical because we know for a fact what happened the last time nations let globalization ruin their war production capability. Hell the American steel industry is arguably the single most important industry for about 120 years and arguably the main reason the allies won either world war.