Yahoo! News – U.S. group could buy insolvent Slater Steel’s Hamilton operations: Union: “Slater had initially hoped to emerge from bankruptcy protection with two of its divisions – Hamilton Specialty Bar, and Atlas Stainless Steels in Sorel-Tracy, Que. – continuing to operate. It abandoned those plans last month, citing high costs and failure to reach cost-cutting deals with unions in both provinces.

The company had sought $3.9 million in labour concessions from a unit of the Confederation of National Trade Unions in Quebec and $5.6 million from the Steelworkers members in Hamilton.

Both unions said they’d been told by Slater that even those cuts wouldn’t be enough, and that millions more in savings – as much as $10 million in Hamilton alone – were needed to improve productivity. ”

Hamond bought stainless from Atlas/Tracy in the past.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *