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USW, City Call for Release of ‘Secret’ U.S. Steel Deal

April 15, 2015

The city is joining U.S. Steel Canada workers and retirees to demand the release of the secret agreement that ended a lawsuit over the company’s broken employment and production promises.

In a motion to be heard in Superior Court on Monday, the group argues they have a stake in USSC’s restructuring but are handicapped without information about all the company’s promises and obligations.

At the same time, the union, a retired couple and the provincial government have filed objections to U.S. Steel’s claim it is owed more than $2.2 billion by its Canadian arm.

“It is very important to USW and our members that we be fully involved in the (restructuring) process. We are the largest arm’s-length creditor in the proceeding,” said Tony DePaulo, assistant to the union’s Ontario-Atlantic director in an affidavit.

“Millions of dollars of Canadian public funds are at stake in this insolvency proceeding. USW members, as taxpayers and members of the public, have an interest in an open and transparent court process, which includes having access to relevant documents, including the Settlement Agreement.”

U.S. Steel was granted federal approval to buy Stelco in 2007 with a package of 31 promises. Those included employing an average of 3,105 workers and producing 14 million tons of steel in three years.

Complete article in Hamilton Spectator

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