Printer Friendly

USW SAYS: LTV CONTRACT REJECTION WILL MEAN LOCKOUT

 USW SAYS: LTV CONTRACT REJECTION WILL MEAN LOCKOUT
 PITTSBURGH, March 6 /PRNewswire/ -- The United Steelworkers of America (USW) said today it would oppose in the courts and on the picket lines any attempts by the LTV Steel Corp. (NYSE: QLTV) to terminate their labor agreement to facilitate a bankruptcy plan of reorganization.
 The union made the statement in a letter mailed to 13,000 active workers employed by LTV and 57,000 pensioners or surviving spouses. The letter was signed by the 18 USW Local union presidents at LTV facilities and five USW district directors who comprise the USW negotiating committee, and International President Lynn R. Williams.
 "LTV Steel has used (bankruptcy) to remake itself into a new company" with a select product line and growing reputation, the letter said. "Of course, without the sacrifices of Steelworkers, none of these positive developments would have been possible."
 Despite the Steelworker contributions, the company is now seeking further, draconian cutbacks in wages, benefits and job combinations in proposals it has made to the union for a new contract, the union said.
 The present collective bargaining agreement expires either ten days after the company emerges from bankruptcy protection or Aug. 1, 1993, whichever comes first. Under terms of the agreement, the union is obligated to negotiate with LTV once it presents the bankruptcy court with a plan of reorganization. LTV did that last month.
 The USW said LTV had implied it would seek court-approved termination of the current agreement if a new contract is not negotiated by the end of March or early April.
 "If the bankruptcy judge lets the company and creditors get away with this, they could change our compensation and benefits by force, rather than agreement. A slashing of our contract is, as far as we're concerned, a lockout."
 "...if they reject our contract and slash our pay or benefits, we will promptly recommend that active employees...stop working."
 The negotiating committee, at a meeting here on Feb. 24, said it was willing to meet with the company to begin negotiations, but it rejected the proposals LTV representatives had made at that time.
 LTV had suggested a four-year contract with no wage increases; elimination of a 50-cents an hour increase that went into effect on Jan. 1, 1992; elimination of an incentive wage increase granted on Sept. 1, 1991; the shifting of 35 percent of remaining incentive payments into company pension plans; elimination of Sunday premium pay; changing the stock program for past concessions that would render the stock practically worthless; require employee contributions for medical insurance, and up to $3,000 annual payments by employees for physician and hospital care; elimination of the company's 50 percent contribution to retiree major medical insurance; delaying future retirees' eligibility for health insurance until age 65, from the present 57; and more, the union said.
 "Union representatives will of course meet with the company to negotiate a fair and decent contract that builds on our past achievements," the letter continued. "If you want to know how we will meet our challenges, consider the past record in this case.
 "On the first day of this (bankruptcy) in 1986, the company cut off every penny of retiree health insurance. Within days, Indiana Harbor active employees responded with a strike and rolled back that action.
 "Or consider the 1987 surprise termination of our pension plans by the company and the Pension Benefit Guaranty Corp. We bargained for new pension plans making up losses for everyone, active and retired.
 "There will be some difficult days ahead, but our past accomplishments make us confident that we will see this bankruptcy through to a fair and just outcome."
 -0- 3/6/92 R
 /EDITORS: Copies of the letter, USW/LTV Alert No. 1, may be obtained from the USW Communications Department at 412-562-2442./
 /CONTACT: USW Communications Department, 412-562-2442/
 (QLTV) CO: United Steelworkers of America; LTV Steel Corp. ST: Pennsylvania IN: MNG SU: CON


CD -- PG002 -- 5920 03/06/92 14:17 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 6, 1992
Words:663
Previous Article:MTA ANNOUNCES BUS ROUTE CHANGES FOR MARCH 8-14
Next Article:CFIC CHAIRMAN ISSUES STATEMENT ON COMMERCE DEPARTMENT'S PRELIMINARY DETERMINATION IN CANADIAN SOFTWOOD LUMBER CVD INVESTIGATION
Topics:


Related Articles
USW: GHOST OF LTV HAUNTS REPUBLIC ENGINEERED STEELS
USW: GHOST OF LTV HAUNTS REPUBLIC ENGINEERED STEELS
STEELWORKERS LOCAL 1011 TO HOLD HEARING ON UNSAFE WORKING CONDITIONS AT LTV HARBOR WORKS PLANT
USW SAYS: LTV CONTRACT REJECTION WILL MEAN LOCKOUT
LTV BANKRUPTCY JUDGE ORDERS THIRD DAY OF TALKS
LTV BANKRUPTCY JUDGE ORDERS THIRD DAY OF TALKS
STEELWORKERS, LTV TO SEEK COURT APPROVAL OF CONTRACT ON AUG. 12; VOTE COUNT SCHEDULED FOR SEPT.4
USW: MEMBERS OVERWHELMINGLY REJECT RYERSON 'RAW' DEAL
USW NEGOTIATING COMMITTEE APPROVES TENTATIVE AGREEMENT AT RYERSON
Indiana, Minnesota Steelworkers Ratify Contract with Mittal Steel.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters