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“U.S. Steel does things for its employees that foreign companies do not, especially when it comes to benefits for employees, where, again, the foreign government (rather than the foreign company) picks up the tab.”
-- FrontPageMagazine, October 23, 2007
"Bankruptcy cost Point workers billions of dollars in unpaid pensions and benefits, and those 95,000 retirees will never be made whole."
-- The Baltimore Sun, Sept. 3, 2007
“More [Chinese] steel will be sold here if there's a dip in the global economy because the U.S. is the only open market for steel. Unlike the United States, other nations have quotas and restrictions on how much steel they'll accept from China.”
-- phillyBurbs.com, July 24, 2007
"It's the third blow in four years for the retirees, who lost their medical benefits in 2003 and then portions of their promised pensions after the federal Pension Benefit Guaranty Corp. took control of the funds from bankrupt Bethlehem Steel."
-- Baltimore Sun, Oct. 19, 2007
"And if you've retired before age 65, say, a steelworker who's put in his 30 years, the federal agency will pay you only two-thirds of the pension amount promised you by your employer.”
-- The Palm Beach Post‚ July 18‚ 2006
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Capitalism and labor – who’s responsible?
Haynes workers ratify contract with $4,000 lump sums
GE reveals details of proposed four-year labor agreements
General Electric, labor unions reach tentative contract terms
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- So you’re a steelworker...
- Steel pensions are plagued with problems
- If you're still working, there is some good news
- Where do I go to find out about my pension?
- Contact info for steel companies
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