Paolini named Lorain plant manager at REP Holdings
Gregory Paolini was appointed manager of Republic Engineered Products Lorain plant, replacing retiring James Kontz. Paolini, previously general manager at International Steel Group Lackawanna plant, will oversee operations as the No 3 furnace faces repair questions after August outages. Insurers’ decision on payment and rebuilding costs could come by mid summer amid rising fuel and scrap prices.
MENTIONED IN THIS ARTICLE
Lorain
Republic Engineered Products Inc
Gregory Paolini
Paolini
James Kontz
Max
John Willoughby
Dash Sokol
United Steelworkers
Ameri
Psolini
International Steel Group
Lackawanna
N.Y
Bethlehem Steel
ISG
Willoughby
Republic Engineered Products LLC
Perry Capital Co
REP
AK Steel plans to cut workers to boost profits
AK Steel Corp. said it hopes to reduce hourly employment at its mills to curb labor costs and restore profitability after eight of the last nine quarters in the red. The firm contends layoffs may be needed while avoiding cuts to retirees’ pension commitments.
MENTIONED IN THIS ARTICLE
Cincinnati
AK Steel Corp
AR Steel
International Steel Group Inc
U.S. Steel Corp
Charles Bradford
Bradford
AK Steel
Alan McCoy
McCoy
AK Steel Management
Steel union chief pursues cooperation to save jobs
In Cleveland, Leo Gerard of United Steelworkers shifts to cooperative bargaining with International Steel Group and US Steel to curb plant closings. The union agrees to workforce reductions in exchange for greater mill influence and a say in investments, signaling a move toward less militant, more realist labor leadership amid global competition.
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Cleveland
United Steelworkers of America
Leo Gerard
International Steel Group
Steel of
Pittsburgh
U.S
Service Employees International Union
Gerard
Gettelfinger
Gary Chaison
Clark University
Worcester
Mass
Ford
Daimler- Chrysler
General Motors
Goodyear
EU launches sanctions on U.S. products over FSC law
The European Union began imposing millions in duties on American goods as pressure mounts for the United States to repeal the Foreign Sales Corporation legislation. Trade Commissioner Pascal Lamy said sanctions could be lifted as soon as FSC is repealed, with totals rising through December to about 315 million in extra duties.
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Brussels
Belgium
European Union
U.S. Congress
World Trade Organization
U.S
WYO
Pascal Lamy
WTO
US Congress
Lamy
FSC
Washington
Europe
U S
Consumer spending up 0.4 percent in January
U S consumer spending rose 0.4 percent in January matching forecasts, after a 0.5 percent December gain. Worries about weaker household spending have eased. Wall Street ticked higher as Dow and Nasdaq rose slightly amid ISM factory expansion in February and a January drop in construction spending due to severe winter weather.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Joel Naroff
Naroff Economic Advisors
Wall Street
Institute For Supply Management
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