Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

A Win For Labor At Usx


In Business This Week

A WIN FOR LABOR AT USX

The other shoe dropped at USX. Its U.S. Steel unit gave in on Nov. 22 to union demands for job security and a say in how the company is run. Sources involved in the talks say the biggest concession is a labor seat on the board. USX refused to grant the director's seat in contract negotiations early this year, and talks broke down around the issue in March. But Inland Steel, then the other major steelmakers, agreed to the union's demands in exchange for six-year contracts and productivity gains. USX "had no choice after the other companies went along," says a participant in the talks.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus