US Steel sold to Nippon Steel

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I didn't think they would eat MY face...

https://triblive.com/news/politics-election/gut-punch-trump-upsets-local-union-leaders-by-opposing-us-steel-nippon-deal/

Trump's election is already having consequences to American business. The guy is like a demented orange bull in a porcelain shop.

Wait, Trump blocking the sale is bad?

Everything Trump does is wrong. We hates him. He has our precious.

[Anonymous]

Steel workers who supported Trump not too happy right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For "$14 billion. I can't believe this. US steel was the premier US Corporation!

https://www.cnn.com/2023/12/18/investing/us-steel-nippon-steel-deal/index.html

In business school, we repeatedly covered the history of the American labor movement and particularly how the unions were overwhelmingly responsible for destroying the steel industry in the USA.

I used to live in Buffalo, NY.

What the unions did to ruin Bethlehem Steel was an American travesty.

Labor unions over the last half century in the USA have turned into destructive, corrupt organizations.

And you can place the blame right st the foot of the corporate management. If the owners took even the most minimal effort to improve the safety and compensation for labor then labor would never have needed union in the first place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For "$14 billion. I can't believe this. US steel was the premier US Corporation!

https://www.cnn.com/2023/12/18/investing/us-steel-nippon-steel-deal/index.html

In business school, we repeatedly covered the history of the American labor movement and particularly how the unions were overwhelmingly responsible for destroying the steel industry in the USA.

I used to live in Buffalo, NY.

What the unions did to ruin Bethlehem Steel was an American travesty.

Labor unions over the last half century in the USA have turned into destructive, corrupt organizations.

And you can place the blame right st the foot of the corporate management. If the owners took even the most minimal effort to improve the safety and compensation for labor then labor would never have needed union in the first place.

THIS!!! JFC people do you know no history????? The blame is solely on the feet of the robber barons who wanted these people to work all hours, for pennies!, and in absurdly dangerous conditions. And contaminated the environment in the process. Andrew Carnegie had ARMED GUARDS used against his workers.

You like reasonable pay, safe working conditions, 40 hour work weeks, paid holidays? THANK A UNION.

Are they perfect and they are sometimes silly? Yes (I've litigated against union members for years). But you don't throw the baby out with the bathwater just b/c of that. Unions are a necessary check. They are the reason my of my factory working family was able to retire at 50 yo with a full pension.

God you people are such corporate shills.

[Anonymous]

Maga is a cult we know this they are not rational they are just dumb and hateful shits

Their hate has destroyed the US and I can not wait til they suffer yep I can not wait for what’s coming for them .

[Anonymous]

Without the purchase by Nippon, US Steel is very likely to close some locations in PA because they don't want to commit new investments. That's why the union is upset.

Nippon was willing to pour new money into these facilities in order to get the deal approved by regulators. Pay to play.

Their big hope was on Trump playing nice with the Japanese, but now they will get pink slips.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For "$14 billion. I can't believe this. US steel was the premier US Corporation!

https://www.cnn.com/2023/12/18/investing/us-steel-nippon-steel-deal/index.html

In business school, we repeatedly covered the history of the American labor movement and particularly how the unions were overwhelmingly responsible for destroying the steel industry in the USA.

I used to live in Buffalo, NY.

What the unions did to ruin Bethlehem Steel was an American travesty.

Labor unions over the last half century in the USA have turned into destructive, corrupt organizations.

And you can place the blame right st the foot of the corporate management. If the owners took even the most minimal effort to improve the safety and compensation for labor then labor would never have needed union in the first place.

THIS!!! JFC people do you know no history????? The blame is solely on the feet of the robber barons who wanted these people to work all hours, for pennies!, and in absurdly dangerous conditions. And contaminated the environment in the process. Andrew Carnegie had ARMED GUARDS used against his workers.

You like reasonable pay, safe working conditions, 40 hour work weeks, paid holidays? THANK A UNION.

Are they perfect and they are sometimes silly? Yes (I've litigated against union members for years). But you don't throw the baby out with the bathwater just b/c of that. Unions are a necessary check. They are the reason my of my factory working family was able to retire at 50 yo with a full pension.

God you people are such corporate shills.

Thank you, PP. I come from a union family and and amazed that so many people don't know that their parents' or grandparents' (depending on their age) livelihoods--indeed, the economic prosperity and stability of entire generations of families--were frequently the result of union membership or worker rights achieved by the hard work of unions.

[Anonymous]

Yes!!!! I wish we could like posts on this site.

The rich and powerful always win. There is other way to protect employees without a union. Thw robber barons got rich and left the workers high and dry.

Also did you see Sumitomo Rubber shut the tire plant down day after election ? 1500 jobs gone. Company isn’t out of business just decided the day after the election it was time…

Signed another Buffalo, NYer

[Anonymous]

Anonymous wrote:Without the purchase by Nippon, US Steel is very likely to close some locations in PA because they don't want to commit new investments. That's why the union is upset.

Nippon was willing to pour new money into these facilities in order to get the deal approved by regulators. Pay to play.

Their big hope was on Trump playing nice with the Japanese, but now they will get pink slips.

Too bad they didn't sign up for any of that CHIPs money.

[Anonymous]

Anonymous wrote:
Without the purchase by Nippon, US Steel is very likely to close some locations in PA because they don't want to commit new investments. That's why the union is upset.

Nippon was willing to pour new money into these facilities in order to get the deal approved by regulators. Pay to play.

Their big hope was on Trump playing nice with the Japanese, but now they will get pink slips.


Too bad they didn't sign up for any of that CHIPs money.

The CHIPs money was for high tech.

[Anonymous]

As soon as Nippon cuts Trump in on the deal, Trump will come around. He threatens until he gets what he wants.

[Anonymous]

Anonymous wrote:Steel workers who supported Trump not too happy right now.

Elections have consequences. I hope they get everything they voted for.

[Anonymous]

Anonymous wrote:Steel workers who supported Trump not too happy right now.

Do you know who is President right now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Steel workers who supported Trump not too happy right now.

Elections have consequences. I hope they get everything they voted for.

Do you not understand what is happening?

The Steelworkers want the deal and they voted against Biden who is blocking the deal. Elections have consequences indeed.

[Anonymous]

Anonymous wrote:Steel workers who supported Trump not too happy right now.

FA/FO.

Unless you are a billionaire, nothing good comes of supporting Trump.