Stelco and Steelworkers talking again
Last Updated Thu, 18 Aug 2005 18:07:08 EDT
CBC News
The United Steelworkers Union dropped its bid to submit a refinancing offer for Stelco by Tricap Management Ltd.
Instead, the Steelworkers have agreed to resume talks with the Hamilton-based steelmaker over the company's restructuring plans.
On Thursday, the USW bid to have the Tricap offer submitted to a vote of creditors was adjourned indefinitely by Ontario Superior Court Justice James Farley. The judge said that Stelco and its main union are finally off to a good start. This comes after 567 days of bankruptcy protection for Stelco.
