Steel Mills
September 18, 2016
USSC Retirees Appealing Court Decision on Benefit Suspension
Written by Sandy Williams
Retirees of US Steel Canada are appealing the decision by the Ontario Superior Court to uphold the suspension of benefits to former workers at Hamilton and Lake Erie Works.
A new report by the Monitor assigned to the CCAA proceedings shows US Steel Canada has more cash available than projected–$160 million at the end of July. Lawyer Andrew Hatnay says $3.6 million per month is needed cover costs for retiree health benefits.
