Some concerned collapse of U.S. Steel deal will hurt workers

Published: Sep 05, 2024 Duration: 00:05:32 Category: News & Politics

Trending searches: nippon steel
YEARS IN PRISON AND MORE THAN $1 MILLION IN FINES. HIS SENTENCING IS SCHEDULED FOR DECEMBER 16th. >>> IN A PRESIDENTIAL CAMPAIGN WHERE BOTH CANDIDATES HAVE TWO COMPLETELY DIFFERENT VISIONS FOR THE COUNTRY, KAMALA HARRIS AND DONALD TRUMP AGREE ON THIS. U.S. STEEL SHOULD NOT BE SOLD TO JAPAN'S NIPPON STEEL. JOE BIDEN IS SET TO BLOCK THE ALMOST $15 BILLION ACQUISITION. HUNDREDS OF U.S. STEEL WORKERS HAVE RALLIED IN PITTSBURGH IN SUPPORT OF THE DEAL. U.S. STEEL CEO HAS WARNED THAT IF IT COLLAPSES SOME OF THE COMPANY MAY LEAVE THE CITY AND TAKE THOUSANDS OF JOBS WITH IT. RESIDENTS REMAIN OPTIMISTIC OF WHAT THE DEAL COULD BRING TO PITTSBURGH. >> AS FAR AS I'M CONCERNED ABOUT THE NIPPON DEAL , IT'S GOING TO BRING MONEY INTO THE PITTSBURGH AREA. IT IS GOING TO MAKE THE STEEL MILLS BETTER. IT WILL TAKE SOME POLLUTION. WHY NOT LET IT COME IN? >> FOR MORE ON THIS, LET'S BRING IN MAYOR KRIS KELLY OF PENNSYLVANIA AND HE HAS WARNED THAT THERE COULD BE IN SEVERE CONSEQUENCES IN ESTATE OF BIDEN BLOCKS THE DEAL. GOOD TO SEE YOU. THANKS FOR BEING HERE. IF THIS GETS BLOCKED, WHAT COULD BE THE RAMIFICATIONS FOR YOUR AREA? >> WE ARE TALKING ABOUT THREE STEEL MILL PLANS. THAT ARE ANTIQUATED AND THEY WOULD CLOSE. NIPPON HAS OFFERED TO MODERNIZE AND PUT BILLIONS OF DOLLARS INTO THE PLANTS , GUARANTEED JOBS, PENSIONS AND FUTURE OF PEOPLE THAT HAVE WORKED HISTORICALLY AND THEIR FAMILIES HAVE HAD FOUR OR FIVE GENERATIONS IN U.S. STEEL. THIS IS A WIN FOR EVERYBODY. I KNOW NO NEGATIVE THINGS. IT MAKES ME A LITTLE BIT UPSET IS THAT ALL OF THE NATIONAL POLITICIANS HAVE NOT TALKED TO THE PEOPLE THAT IT WILL AFFECT. THEY DON'T REALIZE THE EFFECT IT WILL HAVE ON THEIR JOBS. THESE COMMUNITIES, WEST MIFFLIN RELY ON THESE GOOD PAYING JOBS FOR THEIR FAMILIES, EDUCATION AND FOR EVERY WORKER THAT WORKS IN THESE THREE PLANTS. SEVEN JOBS ARE CREATED. THE VICE PRESIDENT IS JUST A FEW MILES FROM MY HOUSE. SHE CAN COME TO MY GARAGE AND MY OFFICE AND WE CAN SIT DOWN AND TALK ABOUT WHAT IS BEST FOR THESE INDIVIDUALS. THEY HAVE NOT TALKED TO THE LOCAL UNIONS. THEY ARE RELYING ON THE INTERNATIONAL UNION WHO HAS NOT HAD ONE WORD OF DIALECT WITH THE LOCAL UNIONS. YOU DON'T RUN A BUSINESS THAT WAY. YOU DON'T SAY YOU ARE CLOSING OR STOPPING THIS DEAL WITHOUT TALKING TO THE PEOPLE AFFECTED. SORRY. >> I THINK PEOPLE MAY BE WONDERING WHY THE ADMINISTRATION IS TRYING TO BLOCK THIS DEAL. THEIR ARGUMENT IS THAT IT POSES A NATIONAL SECURITY RISK AND I'M WONDERING THE RESPONSE TO THAT. >> GOD ALMIGHTY. LOOK, IF WE WERE TO MAKE SOMETHING FOR THE MILITARY, THEN THE MILITARY HAS INSPECT IS AT THE SITES. ARE WE FORGETTING THAT JAPAN IS OUR ALLY AND THAT WE HAVE 21,000 NAVAL PEOPLE IN JAPAN RIGHT NOW? THREE TIMES THAT AMOUNT AND SUPPORT PERSONNEL. IT'S NOT A NATIONAL SECURITY. THESE JOBS WILL BE HELD BY U.S. CITIZENS DOING U.S. JOBS AND UNDER THE NAME OF U.S. STEEL. THERE WILL BE MODERNIZATION THAT WILL CREATE ADDITIONAL JOBS. THIS IS A WIN-WIN FOR EVERYBODY. ABSOLUTELY. >> WE HAVE TALKED ABOUT THE CANDIDATES AT THE TOP OF THE TICKET THIS ELECTION CYCLE, BUT I UNDERSTAND THAT YOU CALLED SENATOR JOHN FETTERMAN WHO IS YOUR SENATOR IN PENNSYLVANIA TO TRY TO CHANGE HIS MIND. I'M WONDERING WHAT YOU HAVE HEARD FROM HIM. DO YOU HAVE ANY SUCCESS DEALING WITH HIM OR ANY OTHER LEADERS ON THIS? >> HE LIVES IN THE SHADOW OF ONE OF THE PLANTS THAT MAY CLOSE. I WAS UNSUCCESSFUL GETTING INTO HIS OFFICE TO GET A RESPONSE. I HAVE NOT HEARD BACK FROM MR. FETTERMAN AND I WISH I WOULD. HE HAS BEEF WITH THE UPPER MANAGEMENT. THAT'S FINE. DON'T TAKE IT OUT ON THE WORKERS. THERE WILL BE NEW MANAGEMENT. IF THIS PLACE SELLS, THERE WILL BE NEW MANAGEMENT. THERE WILL BE NIPPON U.S. STEEL AND IT WON'T BE THE PEOPLE HE HAS A GRUDGE AGAINST. I WISH I WOULD HEAR FROM HIM. I WOULD LIKE TO SIT DOWN WITH HIM. HE WAS THE MAYOR AND WE WERE NEXT-DOOR NEIGHBORS. >> PENNSYLVANIA IS THE MOST WATCHED STATE THIS ELECTION SEASON WITH THE BIGGEST BATTLEGROUND STATE. DONALD TRUMP WAS ABLE TO WIN OVER MANY STEELWORKERS WHEN HE WON THERE IN PENNSYLVANIA. WHAT DO YOU MAKE OF HIM SIDING WITH HARRISON HARRIS AND ABYDOS BIDEN ON THIS? >> IS THE ONLY THING THEY CAN AGREE ON AS FAR AS I KNOW. THAT'S SCARY. DONALD TRUMP IS A BUSINESSMAN. THIS IS GOOD BUSINESS AND WE ARE GOING TO INVEST BILLIONS INTO AN ANTIQUATED PLAN

Share your thoughts