Market Segment
September 25, 2024
Arbitration board sides with USS over USW on Nippon deal
Written by Ethan Bernard
A board of arbitration has ruled in favor of U.S Steel in a dispute with the United Steelworkers (USW) union regarding Nippon Steel’s more than $14-billion proposed acquisition of the Pittsburgh-based steelmaker.
The board, jointly selected by USS and USW, ruled U.S. Steel has satisfied each of the conditions of the successorship clause of its Basic Labor Agreement (BLA) with the union.

