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.
Glorious Nippon steel, but with coleslaw and french fries
proposal for neoliberal infinite growth: nonstop ouroboros cannibalism of industrial capacity.
sure NSC will sell USS for scrap, but the US will eat Germany's, who can eat Italy's, who can eat SKorea's, who can eat Japan's.
Well NSC wants to increase its steel production, and paid more than US Steel was worth, so it sounds like they'll actually keep it
I wonder if the USW leadership actually cares whether the corporate charter is filed in Delaware or Tokyo, and if they consulted the rank & file about this. It just seems like some American jingoism to me.
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 refusalthis lack of including the union in the sale negotiations should prevent it from going through.
