Employees at U.S. Steel Canada’s Hamilton Works facility in Hamilton, Ont., have ratified new collective agreement
Province unhappy with how U.S. Steel proposes to finance its Canadian arm under court-supervised creditor protection
U.S. Steel Canada’s parent company proposing to lend $185 million to let insolvent steelmaker maintain operations for another year
Meeting with U.S. Steel executives to find out more details about company’s restructuring under court protection
U.S. Steel, which bought Stelco in 2007, has recorded an aggregate operating loss of about $2.4 billion since 2009
United Steelworkers’ national director called closure of Hamilton Works “a letdown for all Canadians”
Industry will post 3.6 per cent CAGR between 2018 and 2022, reaching market value of $96-billion
Workers and opposition parties alike say Ontario Premier Dalton McGuinty must do more to protect the pensions of retired workers that U.S. Steel is obligated to pay.
