To: LS
NuCor is a success--but here's a question: are they organized by the USW?
USSteel, Bethlehem, Wheeling-Pittsburgh, et.al, were union shops--not bad in and of itself--but the union contracts for benefits, work rules, and retirement were extremely expensive.
IN COMBINATION with the enviro-regs which required the old-line companies to spend zillions on remediation and upgrades, the old-liners were dead men walking.
191 posted on
08/08/2003 10:26:25 AM PDT by
ninenot
(Torquemada: Due for Revival Soon!!!)
To: ninenot
Yep. You hit one of the nails on the head. You can't have ultra-high union benefits that aren't competitive with real-world prices and hope to sell steel.
287 posted on
08/08/2003 2:26:41 PM PDT by
LS
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