Nippon Steel says no layoffs, no plant closures at US Steel till 2026 By Reuters
March 15, 2024
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© Reuters. FILE PHOTO: The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo, Japan March 18, 2019. Picture taken March 18, 2019. REUTERS/Yuka Obayashi/File Photo
TOKYO (Reuters) – Japan’s Nippon Steel said on Friday that under its proposed takeover of U.S. Steel there would be no layoffs and no plant closures until September 2026, under certain conditions.
Nippon Steel said in the statement it is progressing through regulatory review of the deal and determined to see it through.
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© Reuters. FILE PHOTO: The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo, Japan March 18, 2019. Picture taken March 18, 2019. REUTERS/Yuka Obayashi/File Photo
TOKYO (Reuters) – Japan’s Nippon Steel said on Friday that under its proposed takeover of U.S. Steel there would be no layoffs and no plant closures until September 2026, under certain conditions.
Nippon Steel said in the statement it is progressing through regulatory review of the deal and determined to see it through.
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