Foreign Purchase of US Steel Tests Union’s Legal, Political Sway

December 22, 2023, 8:35 PM UTC

US Steel Corp.'s sale to a Japanese company will serve as a test of unions’ ability to wield US labor law—and political influence—to block the foreign takeover of a major domestic employer.

The United Steelworkers union, which represents employees of the Pennsylvania-based company, says the firm’s sale to Nippon Steel Corp., announced Dec. 18, violates the terms of its collective bargaining agreement negotiated in 2022. The union contends US Steel didn’t provide advance notice before announcing the deal as the contract requires.

To fight back, the union has amassed a remarkably bipartisan bloc of support on Capitol Hill, urging ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.