[ad_1]
PHILADELPHIA (Reuters) – Pennsylvania Governor Josh Shapiro stated on Tuesday that he can not help Nippon Metal’s bid to purchase U.S. Metal in its present type as a result of the United Steelworkers union is sad with the merger.
Shapiro, who’s a contender to be Vice President Kamala Harris’ Democratic Occasion operating mate within the November U.S. presidential election, stated he was viewing the proposed merger by its influence on employees.
“Talking from a state perspective as governor, if the U.S. metal employees aren’t pleased with this deal, which they don’t seem to be, I am not pleased with this deal,” Shapiro stated at an Inside Income Service occasion attended by Treasury Secretary Janet Yellen.
“If I do not see a future the place U.S. Metal manufacturing continues right here within the Commonwealth of Pennsylvania, and is increasing from what is occurring proper now, I am not completely satisfied, so I’ve bought actually critical considerations,” he stated.
[ad_2]
Reuters
2024-07-30 15:56:22
Source :https://www.investing.com/information/stock-market-news/pennsylvania-governor-says-cannot-support-nipponus-steel-merger-3544212
Discussion about this post