this post was submitted on 04 Dec 2024
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You realize the union is against this acquisition? If this sale goes through, US Steel executives get a windfall and union members, without any protections, get to look for another job. Trump, Biden, and Harris all campaigned against it.
https://www.wtae.com/article/us-steel-nippon-trump-steelworkers/63085379
Says the steelworkers union organization officially opposes it, so sounds like the union leadership is split but the workers support it.
The jobs are even at more risk if US Steel goes under. Unless nationalization is an option.
It should be. There's a few industries you have to prop up even if they're wildly uneconomical because we know for a fact what happened the last time nations let globalization ruin their war production capability. Hell the American steel industry is arguably the single most important industry for about 120 years and arguably the main reason the allies won either world war.