2016 Local News Archives

spec01
27 Jul

Retired Stelco employees demand the return of their health benefits – CHCH

At 7:00am Wednesday morning, several angry and frustrated retired Stelco workers boarded a bus that took them to a Toronto courtroom, where they will demand to get their health benefits back. Coverage for prescription drugs and dental care was suspended ...

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The-Spectators
22 Jul

The Hamilton Spectator

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20 Jul

USW 1005 Press Conference Full Video (July 14th)

 

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11 Jul

Letter of Intent

Dear Sirs, The parties to this Letter of Intent hereby agree to negotiate definitive documents in respect of agreements and to take such other actions necessary to progress and promote the Transaction contemplated by the term sheet annexed hereto. It ...

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27 Jun

INFORMATION UPDATE CCAA

USW Local 1005 position since USSC filed for CCAA back in September 2014 has been; JOBS, PENSIONS, (OPEBS) Other post-employment benefits. During the last 20 months we have met with bidders (potential owners), the Province of Ontario, FSCO Financial Services ...

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27 Jun

Stelco suitor shown the door by U.S. Steel Canada, sources say

The pool of suitors for the former Stelco has been cut to two. Sources confirm the board of directors of U.S. Steel Canada has rejected a bid for the troubled company from Essar Global, the India-based conglomerate that owns Essar ...

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27 Jun

Wanted: U.S. Steel buyer with a long-term view

“The judge won’t care about what’s good for Hamilton, the pensioners or anyone else. The judge is only going to care about who is owed money and in what order.” — Prof. Marvin Ryder Those words read by me in ...

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24 Jun

Stelco: Union stiffens position against USSC bidder

A New York hedge fund bidding to merge Stelco and Algoma into a new steel company says it will not pay Algoma’s massive pension shortfall. For leaders of the United Steelworkers union, that threat has toughened their position against the ...

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22 Jun

Essar Comments on Developments of Essar Steel Algoma

(Essar Global media release) SAULT STE. MARIE, ON, June 21, 2016 /CNW/ – Essar Global today provided the following comment regarding the June 17, 2016 announcement about Essar Steel Algoma Inc. (“Algoma”) entering into an agreement to sell a substantial ...

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17 Jun

Information Update – July 29, 2016

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