They Did Not See That Coming
They Did Not See That Coming
cross-posted from: https://slrpnk.net/post/15827490
How was this a surprise?
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33 comments
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Why do the US steel workers want a Japanese buyout?
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It’s fishy to me that a major company that provides critical infrastructure to the nation would need to be bought out to keep running.
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It might be Boeing soon. Not that fishy, just greed and corruption.
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When you can't compete you can't compete. #capitalismSucks
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What I read is that US Steel doesn't feel there's a payback in investing in refurbishing the blast furnaces to keep them going, and want to move to other methods of steel production (apparently something called EAF is cheaper and more eco-friendly), and these would not be in Pittsburgh.
Nippon Steel OTOH still believes there is money in renovating and continuing to run the blast furnaces with the current staffing in place, so the unions who support the current workers are in favor of this.
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33 comments