The head of Steelworkers Local 1005 is upset that the U.S. Steel Canada has said no to the latest bid from Essar Global Fund.
Gary Howe says the offer covered all the bases that concerned the unionized workers and the retirees, including jobs, benefits and pensions.
However, US Steel claims Essar was eliminated from the bidding process for two main reasons – it failed to show it had the financial wherewithal to complete the deal and it failed to get the support of major stakeholders in the company.
U.S. Steel Canada says Essar never provided the financial information required under the court-approved sales process.
Howe is also upset to hear the province agreed with U.S. Steel’s decision to reject the offer.
He’s hoping Premier Wynne has been given bad advice and that she’s willing to change the province’s position.
Hamilton East-Stoney Creek M.P.P. Paul Miller released the following statement to the Minister of Innovation, Science and Economic Development:
Dear Minister Navdeep Singh Bains
The letter attached outlines the opinion of many of the taxpayers in the greater Hamilton, Brant, Haldimand and portions of the Niagara regions. This shared opinion is in regards to the ongoing mishandling of US Steel Canada in the CCAA process. Many notable political figures representing these areas have signed their support for this letter. These same political representatives range from both levels of government and there is cross party support. These signatures represent nearly one million people in the various ridings.
I am sure that you, Prime Minister Justin Trudeau and Minister Morneau will be responding to this important letter in a timely fashion.
M.P.P. Paul Miller – Hamilton East-Stoney Creek