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LTV Corp. Creditors Reach Tentative Deal with Union to Keep Firm in Operation.
From:
Knight Ridder/Tribune Business News
| Date:
July 7, 2001
| COPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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By Clint Mitchell, The Times, Munster, Ind. Knight Ridder/Tribune Business News
Jul. 7--Union leaders and LTV Corp. creditors reached a tentative labor agreement Friday, providing a sliver of hope to the nearly 75,000 active and retired LTV steelworkers dependent on the company's survival.
Leo Gerard, president of the United Steelworkers of America, said the agreement "substantially addresses the company's expressed need for near-term relief without the massi...
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