U. S. Steel Employees to Rally in Support of Nippon Steel Transaction
U. S. Steel employees are rallying in Pittsburgh to support the Nippon Steel transaction, urging elected officials to recognize its benefits. The deal is important for protecting union jobs and securing billions in investment for U. S. Steel operations. Without the transaction, U. S. Steel may pivot away from blast furnace facilities, risking thousands of jobs and impacting communities.
Key points:
- U. S. Steel stockholders approved the transaction with over 98% in favor
- Nippon Steel plans to invest $2.7 billion in USW-represented facilities
- U. S. Steel's operations in PA generated $3.6 billion in economic impact and supported 11,417 jobs
- The deal aims to create 'the best steelmaker with world-leading capabilities'
I dipendenti della U. S. Steel stanno manifestando a Pittsburgh per sostenere la transazione con Nippon Steel, esortando i funzionari eletti a riconoscerne i benefici. L'accordo è importante per proteggere i posti di lavoro sindacali e garantire miliardi di investimenti nelle operazioni della U. S. Steel. Senza la transazione, la U. S. Steel potrebbe allontanarsi dagli impianti a forno a caldaia, mettendo a rischio migliaia di posti di lavoro e influenzando le comunità.
Punti chiave:
- Gli azionisti della U. S. Steel hanno approvato la transazione con oltre il 98% a favore
- Nippon Steel prevede di investire 2,7 miliardi di dollari negli impianti rappresentati dalla USW
- Le operazioni della U. S. Steel in PA hanno generato un impatto economico di 3,6 miliardi di dollari e supportato 11.417 posti di lavoro
- L'accordo mira a creare 'il miglior produttore di acciaio con capacità leader a livello mondiale'
Los empleados de U. S. Steel están protestando en Pittsburgh para apoyar la transacción con Nippon Steel, instando a los funcionarios electos a reconocer sus beneficios. El acuerdo es importante para proteger empleos sindicales y asegurar miles de millones en inversiones para las operaciones de U. S. Steel. Sin la transacción, U. S. Steel podría alejarse de las instalaciones de altos hornos, arriesgando miles de puestos de trabajo e impactando comunidades.
Puntos clave:
- Los accionistas de U. S. Steel aprobaron la transacción con más del 98% a favor
- Nippon Steel planea invertir 2.7 mil millones de dólares en instalaciones representadas por USW
- Las operaciones de U. S. Steel en PA generaron un impacto económico de 3.6 mil millones de dólares y apoyaron 11,417 empleos
- El acuerdo busca crear 'el mejor fabricante de acero con capacidades líderes en el mundo'
U. S. Steel의 직원들이 피츠버그에서 닛폰 스틸 거래를 지지하기 위해 집결하여 선출된 공무원들이 그 이점을 인식할 것을 촉구하고 있습니다. 이 거래는 노조 일자리를 보호하고 U. S. Steel 운영에 수십억 달러의 투자를 확보하는 데 중요합니다. 거래가 없으면 U. S. Steel은 고로 시설에서 벗어나고, 이는 수천 개의 일자리를 위험에 빠뜨리고 지역 사회에 영향을 미칠 수 있습니다.
핵심 사항:
- U. S. Steel 주주들이 98% 이상 찬성으로 거래를 승인했습니다.
- 닛폰 스틸은 USW가 대표하는 시설에 27억 달러를 투자할 계획입니다.
- Pennsylvania의 U. S. Steel 운영은 36억 달러의 경제적 영향을 미치고 11,417개의 일자리를 지원했습니다.
- 이 거래의 목표는 '세계 최고 수준의 능력을 갖춘 최고의 제철소'를 만드는 것입니다.
Les employés de U. S. Steel se rassemblent à Pittsburgh pour soutenir la transaction avec Nippon Steel, demandant aux responsables élus de reconnaître ses avantages. Cet accord est important pour protéger les emplois syndicaux et garantir des milliards d'investissements pour les opérations de U. S. Steel. Sans la transaction, U. S. Steel pourrait tourner le dos aux installations de haut fourneau, ce qui risquerait des milliers d'emplois et affecterait les communautés.
Points clés :
- Les actionnaires de U. S. Steel ont approuvé la transaction avec plus de 98 % en faveur.
- Nippon Steel prévoit d'investir 2,7 milliards de dollars dans des installations représentées par USW.
- Les opérations de U. S. Steel en PA ont généré un impact économique de 3,6 milliards de dollars et soutenu 11 417 emplois.
- L'accord vise à créer 'le meilleur fabricant d'acier avec des capacités de classe mondiale'.
Die Mitarbeiter von U. S. Steel versammeln sich in Pittsburgh, um die Nippon Steel-Transaktion zu unterstützen und die gewählten Vertreter zu drängen, die Vorteile zu erkennen. Der Deal ist wichtig, um Gewerkschaftsarbeitsplätze zu schützen und Milliarden an Investitionen für die U. S. Steel-Betriebe zu sichern. Ohne die Transaktion könnte U. S. Steel von Hochofenanlagen abweichen, was Tausende von Arbeitsplätzen gefährdet und die Gemeinschaften betrifft.
Wichtige Punkte:
- Die Aktionäre von U. S. Steel haben die Transaktion mit über 98% Zustimmung genehmigt.
- Nippon Steel plant, 2,7 Milliarden Dollar in USW-vertretenen Anlagen zu investieren.
- Die U. S. Steel-Betriebe in PA haben einen wirtschaftlichen Einfluss von 3,6 Milliarden Dollar erzeugt und 11.417 Arbeitsplätze unterstützt.
- Der Deal zielt darauf ab, 'den besten Stahlhersteller mit weltführenden Fähigkeiten' zu schaffen.
- Stockholders approved the Nippon Steel transaction with over 98% in favor
- Nippon Steel plans to invest $2.7 billion in USW-represented facilities
- U. S. Steel's operations in PA generated $3.6 billion in total economic impact
- The company supported and sustained 11,417 jobs through its operations and local supply chain in PA
- U. S. Steel generated $138.2 million in state and local taxes in PA
- Without the Nippon Steel transaction, U. S. Steel may pivot away from blast furnace facilities, risking thousands of union jobs
- Failure of the deal could lead to U. S. Steel moving its headquarters away from Pittsburgh
- A standalone U. S. Steel would not make the same financial commitments as proposed in the Nippon Steel deal
Employees Advocate for Deal Approval to Protect Jobs and Billions in Investment in U. S. Steel Union Operations
Call on Governor Shapiro, Senators Casey and Fetterman and Local Elected Officials to Recognize Significant Benefits of the Transaction
“Today’s rally is about displaying support for the transaction with Nippon Steel. We want elected leaders and other key decision makers to recognize the benefits of the deal as well as the unavoidable consequences if the deal fails,” said President and Chief Executive Officer of U. S. Steel, David B. Burritt.
Without the Nippon Steel transaction, U. S. Steel will largely pivot away from its blast furnace facilities, putting thousands of good-paying union jobs at risk, negatively impacting numerous communities across the locations where its facilities exist, and depriving the American steel industry of an opportunity to better compete on the global stage. In addition to moving away from integrated steelmaking, the lack of a deal with Nippon Steel raises serious questions about U. S. Steel remaining headquartered in
On December 18, 2023, Nippon Steel announced that it would acquire U. S. Steel and that together, the companies would create “the best steelmaker with world-leading capabilities.”
U. S. Steel stockholders approved the transaction on April 12, 2024. More than
On May 30, 2024, Nippon Steel and U. S. Steel announced that they had received all regulatory approvals outside of
On August 28, 2024, Nippon Steel announced plans to invest over
About U. S. Steel
Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3® advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in
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Source: United States Steel Corporation
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