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LTV Filing Sparks Industry Alarm On Possible Bankruptcies
Analysts warn LTV Corp's Chapter 11 may not be its last for the steel sector as Bethlehem Steel could be next. LTV assets total 2.06 billion with 1.5 billion in liabilities. 57 000 employees affected across LTV Steel and related units amid weak shipments and rising imports. The Steelworkers union plans court moves to safeguard 30 000 active or laid off workers and 61 000 retirees.
MENTIONED IN THIS ARTICLE
Dallas
LTV Corp
Bethlehem
Donald Barnett
LTV
LTV Steel Co
Bethlehem Steel Corp
Barnett
U.S
New York
LTV Steel
LTV Aerospace and Defense
LTV Energy Products
Raymond A. Hay
Lynn Williams
United Steelworkers of America
Richard Dowdell
Steelworkers Local 1033
Chicago