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Steelworkers ‘Skeptical’ About Sparrow’s Point Deal

11.19.07

http://www.wtov9.com/news/14600753/detail.html

Steelworkers ‘Skeptical’ About Sparrow’s Point Deal

BALTIMORE ## A United Steelworkers official says he was encouraged but still skeptical after meeting today with the leader of the group that plans to buy the Sparrows Point steel mill near Baltimore.

Closing of the 1.35 billion dollar deal announced August 2nd is taking longer than expected. That prompted the union local representing the plant’s approximately 2,500 workers to ask international union leaders this week to reconsider their support for the deal.

United Steelworkers Local 9477 President John Cirri says he met for about three hours with Craig Bouchard, co-founder of Chicago Heights, Illinois-based steel distributor Esmark. Bouchard is also chairman of E2 Acquisition, the international investment group that was formed to buy Sparrows Point from Mittal Steel NV, of the Netherlands.

Bouchard said in an e-mail that he hoped the meeting would help foster the local’s trust in E2.

Esmark and Wheeling-Pittsburgh Corporation are the lead partners in E2.

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EDITOR’S NOTE: Another good article found at the Democratic Underground Labor Forum

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