Harris to back US ownership of US Steel, in blow to takeover by Japanese company

Posted by Anchor_Aways

5 Comments

  1. MistakePerfect8485 on

    >Under the current terms of the deal, US Steel would retain its name and Pittsburgh headquarters. Nippon has also pledged an additional $1.3 billion to refurbish two outdated mills in Pennsylvania and Indiana.

    Assuming that they’re telling the truth, it seems a dumb idea to scuttle the deal even on protectionist grounds. Why should workers care if their CEO who they’ll never meet is American or Japanese as long as their job is safe and they’re getting paid?

Leave A Reply