U.S. Steel's CEO warned the company would have to close plants and might move its headquarters out of Pittsburgh if the Nippon Steel acquisition falls through.
U.S. Steel warned on Wednesday that a failure to merge with Nippon Steel would put thousands of union jobs at risk and signaled that it would close some steel mills and potentially move its headquarters out of politically important Pennsylvania.
U.S. Steel CEO David Burritt said the company will have to sell factories and move its headquarters out of Pittsburgh if the Nippon Steel sale falls through.
U.S. Steel's CEO is warning that the failure of its planned sale to Nippon Steel would lead to the closure of steel mills that would be modernized if the deal proceeds.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
US Steel warns plants could close without Nippon sale | Since Then
