Steelworkers lose arbitration case against US Steel in their bid to derail sale to Nippon
- U.S. Steel announced that a board of arbitration has favored Nippon Steel's $14.9 billion buyout, but the United Steelworkers union disagrees with the ruling.
- The United Steelworkers stated, “The arbitrators accepted at face-value Nippon Steel’s statement that it would assume the Basic Labor Agreement.”
- U.S. Steel warned that not finalizing the deal could risk thousands of U.S. Union jobs and result in mill closures in Pennsylvania.
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