TORONTO, Sept. 17, 2014 /CNW/ - The United Steelworkers (USW) union is
committed to defending the interests of its members and pensioners
affected by U.S. Steel Canada's application for bankruptcy protection.
"We are extremely concerned about these developments and we intend to do
everything we can to protect our retirees and our members," USW
National Director Ken Neumann said following today's filing by U.S.
Steel under the Companies' Creditors Arrangement Act (CCAA).
"Once again U.S. Steel has left thousands of families and entire
communities in limbo. They will have to endure a long and complex court
process," Neumann said. "We will work together with other stakeholders
to seek the best outcome for our members and retirees."
"We will demand that U.S. Steel is held to its obligations," said USW
Ontario Director Marty Warren.
"We remain alarmed by the refusal of U.S. Steel and the federal
Conservative government to disclose the terms of their agreement under
the Investment Canada Act by which the government approved U.S. Steel's
purchase of Stelco," Warren said.
"We again call for disclosure of those terms and all other material
relevant to the financial situation of U.S. Steel. We're very concerned
about issues such as the apparent mismanagement of U.S. Steel's pension
obligations," he said.
Since its arrival in Canada, U.S. Steel has instigated unprecedented
labour strife - three lockouts in four years - and broken legal
commitments on jobs, production and investment.
Stephen Harper's Conservative government bears responsibility for the
hardship U.S. Steel continues to inflict on Canadian communities,
"For six years and counting, the Conservatives have refused to hold U.S.
Steel accountable for its string of broken commitments," he said.
"The Harper government has shown a breathtaking indifference to Canadian
workers, pensioners and families who have suffered and will continue to
suffer as a result."
Rather than hold U.S. Steel accountable for breaking its binding
commitments on jobs and production, the Conservatives shut down legal
proceedings against the company in 2011 and signed a secret,
out-of-court settlement containing new promises.
"The Conservatives publicly boasted that their second secret agreement
with U.S. Steel was even better for workers and their families. They
bragged that this new deal was 'encouraging investment and employment
in Canada,' " said Warren.
"In reality, the Harper government has tacitly condoned U.S. Steel's
behaviour and abandoned thousands of Canadian workers and pensioners
who must face the consequences."
SOURCE: United Steelworkers (USW)
For further information:
Ken Neumann, USW National Director, 416-544-5951
Marty Warren, USW Ontario Director, 416-243-8792
Ken Rosenberg, counsel to USW, 416-646-4304, email@example.com
Bob Gallagher, USW Communications, 416-544-5966, 416-434-2221, firstname.lastname@example.org