Stelco Inc. Investor Relations: “Mr. Gerstenberger is reported as saying that governments should not participate in Stelco’s restructuring, criticizing any potential government assistance as an ‘easy way out’ of the Company’s problems by using ‘tax money to bail Stelco out’.
Courtney Pratt, Stelco President and CEO, said, ‘We appreciate that Mr. Gerstenberger is acknowledging the extent of our problem. But we’re puzzled why the representative of so many of our own employees would want to turn away possible sources of help – especially as it may relate to pensions. “