Skip to Content

Steelworkers lose arbitration case against US Steel in their bid to derail sale to Nippon

AP Business Writer

An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel. The board, which was jointly chosen by U.S. Steel and the United Steelworkers to decide disputes between them, said Wednesday that U. S. Steel has satisfied each of the conditions of the successorship clause of its basic labor agreement with the union and that no further action under the agreement was necessary in order to proceed to closing the proposed transaction with Nippon Steel.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content