Steel Mills
April 14, 2015
USW Challenging US Steel Claim it is Owed $2 Billion by USS Canada
Written by Sandy Williams
The United Steelworkers are challenging US Steel’s claim that it is owed more than $2 billion from its own subsidiary, US Steel Canada. Union workers are concerned that US Steel will give itself creditor preference over the pensions of USW workers at Lake Erie Works and Hamilton Works.
“Basically U.S. Steel says it owes itself and will take care of itself before fulfilling its legal obligations to its retirees,” said USW Ontario Director Marty Warren.
