Pipe supplier US Steel of Canada (Stelco) has exited reorganization, setting up its final transfer of ownership from US Steel to Bedrock Industries Group, a privately held metals and investment group. The legal proceedings around Stelco began in 2014 and involved agreements with the Ontario government, union locals and a large group of salaried retirees and employees.One of the more intractable issues was a pension-solvency deficiency of about C$840 million. Coming to grips with......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.