BERLIN (April 20) – With intense shuttle diplomacy, members of the German government are seeking to avert the impending US punitive tariffs on European goods and the loss of access to the important US market. Continue reading
Tag Archives: U.S. Steel
Necessity for a new direction for international trade | K.C. ADAMS
In March, the U.S. government suddenly announced tariffs on $60 billion worth of Chinese exports to the U.S. and threatened even more. China has now retaliated with tariffs of its own against certain U.S. exports. Whatever the reasoning for these tariffs, the sudden imposition seriously disrupts the working lives of those involved in producing those goods in both China and the U.S. and those using the commodities either as a means of further production or articles of consumption. Modern industrial mass production cannot simply be turned on or off with the flick of a switch without causing widespread pain. This is no way to conduct economic relations among the peoples of the world. Continue reading
The Communist Party of Canada (Marxist-Leninist) denounces with utmost contempt the CCAA ruling that sanctions not only the bogus claim of U.S. Steel on the remaining Stelco assets but also its deliberate wrecking and liquidation of a productive Canadian asset. The ruling under the anti-social authority of the Companies’ Creditors Arrangement Act (CCAA) puts at risk the pensions of 20,000 retired and retiring steelworkers and salaried employees of the Stelco steelworks in Hamilton and Nanticoke and further threatens the livelihoods of the remaining employees. Continue reading
About 5,000 people rallied in Hamilton on January 30 at a very successful Day of Action organized by Locals 1005 and 8782 USW with the support of United Steelworkers, the Hamilton and District Labour Council, the Ontario Federation of Labour and other labour councils and unions. Active and retired steelworkers from Hamilton, Nanticoke and the surrounding communities attended the rally along with entire families and people from all walks of life who identify with the cause of the steelworkers. Continue reading
Saturday, January 30 — 1:00 pm
Keep Stelco Producing! Steel not Steal!
Hamilton City Hall, 71 Main St. W.
For information: Local 1005 USW 905-547-1417
or Local 8782 USW at 519-587-2000.
Hamiltonians and workers from different sectors of the economy from different cities in Ontario are joining steelworkers and pensioners in Hamilton to make the Hamilton Day of Action on January 30 a success. The last day of action was held in Hamilton five years ago, on January 29, 2011, at a time when U.S. Steel had imposed a phoney lockout to extort concessions from steelworkers. To its credit, Local 1005 USW launched a campaign under the theme The People vs. U.S. Steel to uphold the interests of the Stelco workforce and pensioners as well as Hamilton and Canada itself. Continue reading
The situation at U.S. Steel/Stelco needs the people’s intervention. When the people stand as one for a just cause it makes a difference. U.S. Steel has attacked not just active and retired steelworkers and salaried employees but also the Ontario and municipal governments, suppliers, contractors, our collective economy and social fabric. It has assaulted the rights of all and the common good. Continue reading
(November 5) – U.S. Steel executives are flush with arrogance for having manipulated the Ontario Superior Court to put its wholly owned Canadian subsidiary into bankruptcy protection of the Companies’ Creditors Arrangement Act (CCAA) without putting U.S. Steel assets in the U.S. at risk. This was done with the criminal magician’s sleight of hand, creating a fictitious separate Canadian company, an offspring that has supposedly bled the good U.S. parent dry. Continue reading
CCAA – Wild West show of the monopolies where might makes right
Yes, to a pro-social alternative for Stelco!
Keep Stelco producing!
Let’s make it happen!
Bewilderment is a word that comes to mind when thinking of the damage U.S. Steel has caused the Canadian economy and people without any significant pushback from the federal and Ontario governments. Continue reading
Legal restructuring means the claims of employees, retirees, suppliers and the federal and Ontario governments are to be disappeared
On September 16, U.S. Steel filed for bankruptcy protection for its Canadian operations under the Companies’ Creditors Arrangement Act (CCAA).
Information Update, the newsletter of Local 1005 United Steelworkers, questions the assertion that U.S. Steel’s Canadian facilities, called USSC, are bankrupt when they are wholly-owned by the U.S. parent company and the parent company, USS, is far from bankrupt. This assertion appears as the main argument for CCAA. The factum presented to the court presents no proof of separate ownership of the Canadian subsidiary. The sole equity ownership remains in the hands of the U.S. Steel stock traded as X on the New York Stock Exchange. Continue reading
Ontario government must defend public right! No to U.S. Steel’s bankruptcy fraud!
Demonstrate outside Comeback Hearing and DIP Request
October 6, 2014, 10 a.m. • 330 University Avenue (Ontario Superior Court of Justice (Commercial List), Toronto
Join Steelworkers in a protest outside the Court hearing in Toronto. The hearing will, among other things, determine whether debter-in-possession (“DIP”) financing in the amount of $185 million, advanced to fund operations during the CCAA proceedings, will be approved, together with a “charge” on the assets of USSC to secure the DIP financing and certain other priority charges (together, the “Priority Charges”). The proposed Priority Charges would rank in priority to all security interests, trusts, liens, charges and encumbrances, claims of secured creditors, statutory or ottherwise, including any deemed trust created under the Pension Benefits Act.
To get a seat on the Local 1005 bus from Hamilton, call 905-547-1417 or sign-up
at the Union Hall at 350 Kenilworth Avenue North. Visit Local 1005 USW online @ http://www.uswa1005.ca.
For full information, see also on this website:
– United Steelworkers –
– Rolf Gerstenberger, President, Local 1005 USW –
Local 1005 USW Press Conference
An Appeal to the Court of Public Opinion
– Local 1005 USW –
Local 1005 condemns in no uncertain terms this phony CCAA bankruptcy filed by U.S. Steel on September 16. It creates a very serious situation for active and retired Canadian steelworkers and their union, the United Steelworkers (USW), as well as the locals directly involved, Local 1005 USW at Hamilton Works and Local 8287 USW at Lake Erie Works. This phony CCAA filing also directly affects present and former salaried employees of the company, the citizens of Hamilton and their Municipal Council, and the Province of Ontario. Continue reading
Picket and Rally – Manufacturing Yes, Nation Wrecking, No! Oppose the Wrecking of the Steel Industry!
Constituency Office of David Sweet, MP for Ancaster-Dundas-Flamborough-Westdale, 59 Kirby Ave, Unit 3, Greensville, (up the escarpment on Highway 8 above Dundas).
Organized by: Local 1005 USW and Hamilton and District Labour Council
For information: USW Local 1005, (905)547-1417, firstname.lastname@example.org
By ROLF GERSTENBERGER*
ON BEHALF OF present and former members of Local 1005 USW, I wish to express deep regret and anger at the announced permanent closure of steelmaking at Hilton Works, which has been in operation our entire lives and has made Hamilton what it is today.
This is a dagger into the heart and soul of our community. The hand on this poisonous blade stretches from Pittsburgh but it has been guided into our chest by the federal and Ontario governments. They have the power to say no to this attack on Canada’s economy. They have the power to beat back this invasion of destructive robber barons whose private self-interest has nothing good to offer Canada. Continue reading
Time for a new direction for the economy
Manufacturing Yes! Nation-Wrecking No!
TML Daily (Nov. 1) – U.S. Steel CEO Mario Longhi during a conference call from Pittsburgh to discuss the company’s 3rd quarter results announced, “We have decided to permanently shut down the iron and steel making operations at Hamilton Works on December 31, 2013. This action will result in a sustainable improvement in our cost structure of approximately $50 million per year and reduce our cash needs of these facilities by approximately $25 million per year. This reduction in our total steelmaking capability also improves both our iron ore and coke balance and allows us to take additional actions.”
In response to U.S. Steel’s destruction of steelmaking in Canada, the Harper Minister of Industry James Moore is reported to have said that the wrecking of Canadian steelmaking assets is a private business decision in which the government will not intervene. Continue reading