Economy
October 16, 2015
USW Wins Settlement for RG Steel Workers
Written by Sandy Williams
A settlement in the RG Steel Chapter 11 bankruptcy case will give the USW a 70 percent share of the $17.4 million that will be distributed to creditors. The union will receive $12 million, including $6.3 million in vacation and severance pay owed workers.
The USW has been working to recover funds for workers and retirees who were affected by the bankruptcy of RG Steel in 2012. Nearly 4,000 workers lost jobs at Sparrows Point, Md., Warren, Ohio and Wheeling, WV, and a coke making facility at Fallonsbee, WV.
