The United Steelworkers union dismissed a letter from Nippon Steel Corp. committing to spending and job protection as “a meaningless piece of paper,” in the latest salvo over the Japanese steelmaker’s planned $14.1 billion acquisition of United States Steel Corp.
Nippon Steel made what it called a “binding commitment” to the influential union in a March 27 letter, as it seeks to build support for the politically sensitive deal.
“It is instead nothing more than another collection of empty promises and open-ended language that would enable it to skirt obligations to workers and retirees,” USW President David McCall and USW ...