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 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.
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.
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.
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.
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?