53
Nippon Steel Corporation to Acquire U.S. Steel (hexbear.net)
submitted 9 months ago* (last edited 9 months ago) by iridaniotter@hexbear.net to c/news@hexbear.net
11 comments fedilink hide all child comments

Back to the 80s? Japanese corporate giants once again threaten American industry! 😱 (It's interesting that this time it's happening as both countries are in terminal economic decline)

Making this a text post as I want to include two links:

Nippon Steel Corporation (NSC) to Acquire U. S. Steel, Moving Forward Together as the ‘Best Steelmaker with World-Leading Capabilities’ Article is by U.S. Steel themselves

The U.S. Steel name will remain, its HQ in Pittsburgh will remain, all collective bargaining agreements will remain.

USW Slams Nippon Plan to Acquire USS Response by United Steelworkers

They want U.S. Steel to remain a domestic company. USS and NSC did not reach out to the union, violating a partnership agreement, so NSC will probably fail to adhere to preexisting union contracts.

you are viewing a single comment's thread
view the rest of the comments
[-] JohnBrownNote@hexbear.net 7 points 9 months ago

i'd think

SS and NSC did not reach out to the union, violating a partnership agreement, so NSC will probably fail to adhere to preexisting union contracts.

has something to do with it.

i expect union leadership boomers to be racist and jingoist but in a better system ~~the workers would have right of first refusal~~ this lack of including the union in the sale negotiations should prevent it from going through.

this post was submitted on 18 Dec 2023
53 points (100.0% liked)

news

23419 readers
700 users here now

Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

founded 4 years ago
MODERATORS
FidelCastro@hexbear.net
Alaskaball@hexbear.net
SeventyTwoTrillion@hexbear.net
ZoomeristLeninist@hexbear.net
carpoftruth@hexbear.net
GinAndJuche@hexbear.net
Breath_Of_The_Snake@hexbear.net
InsidiousTrackers@hexbear.net