Stelco's a circus - Steelmaker's "bankruptcy" profitable, but not for workers. by Mike Martin, Straight Goods
For its part, the Steelworkers have continued to be solid, steel-solid. They have challenged the company's bankruptcy plans and have been proven right. They worked with all the potential investors to come up with the best deal for workers and pensioners. And they never took their eyes off the prize, which was to protect the Stelco pension plan and hold the company intact.
In the spirit of co-operation that has characterized the USWA position all the way through this period, Local 8782 President Bill Ferguson said, 'If the company is prepared to engage the union as a full and equal participant, and keep the company together, we will roll-up our sleeves and get it done.'