-- The head of the United Steelworkers said Nippon Steel Corp. needs to rework its deal for United States Steel Corp. to win the union’s support and suggested the American company’s board consider replacing its CEO, as President Joe Biden prepares to block the transaction.World's Second-Tallest Tower Tests Malaysia's Appetite for More Skyscrapers
McCall said they also discussed how to calculate a profit-sharing arrangement for employees in the July meeting and that the two discussed following up, but he said the Nippon Steel executive never did.Another official familiar with the meeting, speaking on condition of anonymity, said McCall has not engaged with the company’s messages or overtures since. The union has said the company is only paying “lip service” to its demands.
Earlier this week, Burritt said the deal’s failure could force US Steel to potentially close some facilities and move their headquarters out of Pittsburgh. But he cautioned that he does not think the company should be split among more than one buyer. Nippon Steel was initially interested in the company’s Big River plant, while other bidders have been associated with interest in its blast furnaces.Biden has long opposed the deal, as has former President Donald Trump, who is seeking to return to the White House in November’s election.
“For national security purposes and critical supply chain issues, we need to melt, pour and finish steel in this country,” McCall said.Bryson Stott's upper-deck homer helps Phillies beat Marlins 5-2, extending winning streak to 5