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What Can Be Done
Here
are a few ways to correct the unfair practices that have hurt
steel employees and threaten to damage the long-term
viability of the industry. Hopefully, workers, activists, local
communities, and union organizations will start “raising
hell” and demanding better treatment. Remember: confronted
by even greater odds, rank-and-file Americans formed industrial
unions and supported progressive policies and politicians during
the 1930s Depression.
- Demand that Congress
change bankruptcy laws to give employees the same rights granted
to banks and other secured creditors in reorganization
proceedings.
- Fight for the return
of the medical benefits that were taken from steel retirees.
This includes getting
back a share of the
profits wrung out of the steel sector by Wilbur Ross at the expense of
senior citizens.
- Organize class-action
suits against directors and officers of the former steel companies
who failed in their
fiduciary duty
to protect employee property. (Similar suits have won cash settlements from
individual directors, banks, and others involved in WorldCom,
Enron, and other corporate scandals.)
- Call for a federal
health-benefits insurance program along the lines of the Pension
Benefit Guaranty Corp.
(PBGC) and
require companies to provide long-term financing for benefits coverage,
so that benefits will continue even if the companies
fail.
- Hold Lakshmi Mittal
legally and politically accountable for failures in corporate
behavior at Mittal Steel USA. Publicize
evidence of underinvestment or unsafe labor practices.
© 2005 Mark Reutter
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