this post was submitted on 04 Dec 2024
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Leopards Ate My Face

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cross-posted from: https://slrpnk.net/post/15827490

How was this a surprise?

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[–] reddig33@lemmy.world 13 points 2 months ago (2 children)

Why do the US steel workers want a Japanese buyout?

[–] surewhynotlem@lemmy.world 18 points 2 months ago (1 children)
[–] reddig33@lemmy.world 10 points 2 months ago (2 children)

It’s fishy to me that a major company that provides critical infrastructure to the nation would need to be bought out to keep running.

[–] Notyou@sopuli.xyz 19 points 2 months ago

It might be Boeing soon. Not that fishy, just greed and corruption.

[–] surewhynotlem@lemmy.world 2 points 2 months ago

When you can't compete you can't compete. #capitalismSucks

[–] kalleboo@lemmy.world 3 points 2 months ago

What I read is that US Steel doesn't feel there's a payback in investing in refurbishing the blast furnaces to keep them going, and want to move to other methods of steel production (apparently something called EAF is cheaper and more eco-friendly), and these would not be in Pittsburgh.

Nippon Steel OTOH still believes there is money in renovating and continuing to run the blast furnaces with the current staffing in place, so the unions who support the current workers are in favor of this.