25
Aug
01:00
US Steel freezes employee pension plans
US Steel is freezing its pension benefits for non-union employees effective 31 December 2015, Kallanish learns from a company filing with the US Securities and Exchange Commission (SEC). The flat rolled steelmaker will transition pension participants to a retirement plan utilising employee contributions.
The move comes as part of the company’s Carnegie Way transformation as it works to cut costs and reign in spending. In the first half of this year, US…
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Anonymous
Very good overview of the weekly steel market.
Anonymous