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Steel wage cuts ripple through industry and markets
United States Steel Bethlehem Steel and Youngstown Sheet and Tube cut wages affecting about 200 000 workers with total industry exposure near 460 000. General Motors and United States Rubber also announce reductions shifting us labor costs and boosting prospects for steel shares amid global financial unrest.
MENTIONED IN THIS ARTICLE
General Motors
Aso
United States Rubber Company
Wall Street
Great Britain
S. Steel
Myron ¢Clor
Tireat
Taylor
James Aa. Farrel
Eerie
Sit