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Steel Strike Of 1986
About 22,000 employees of major American steel manufacturer USX stopped work from August 1, 1986 to January 31, 1987 after the United Steelworkers of America and the company failed to agree on new employee contract terms. The event was characterized by the company as a strike and by the union as a lockout. It surpassed the steel strike of 1959 as the longest steel industry work stoppage in US history. The stoppage resulted in most USX facilities becoming idle until February 1, 1987, seriously degrading the steel division's market share. A compromise was brokered and accepted by the union membership on January 31, 1987. Background The United States steel industry had been in decline since the late 1970s. Unions blamed management for underinvestment in capital improvements, and management blamed unions for demanding exorbitant pay, benefits, and strict limits on non-union subcontracting. A previous collective bargaining agreement expired at the end of July 1986. The union and m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recomm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steel Industry Strikes
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Disputes Led By The United Steelworkers
Labour or labor may refer to: * Childbirth, the delivery of a baby * Labour (human activity), or work ** Manual labour, physical work ** Wage labour, a socioeconomic relationship between a worker and an employer ** Organized labour and the labour movement, consisting principally of trade union, labour unions ** Labour Party (other), Labour Party or Labor Party, a name used by several political parties Literature * Labor (journal), ''Labor'' (journal), an American quarterly on the history of the labor movement * ''Labour/Le Travail'', an academic journal focusing on the Canadian labour movement * Labor (Tolstoy book), ''Labor'' (Tolstoy book) or ''The Triumph of the Farmer or Industry and Parasitism'' (1888) Music * Labour (song), ''Labour'' (song), 2023 single by Paris Paloma Places * La Labor, Honduras * Labor, Koper, Slovenia Other uses * Labor (album), ''Labor'' (album), a 2013 album by MEN * Labor (area), a Spanish customary unit * "Labor", an episode of TV ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1987 In The United States
Events from the year 1987 in the United States. Incumbents Federal government * President: Ronald Reagan ( R- California) * Vice President: George H. W. Bush ( R- Texas) * Chief Justice: William Rehnquist ( Wisconsin) * Speaker of the House of Representatives: Tip O'Neill ( D- Massachusetts) (until January 3), Jim Wright ( D- Texas) (starting January 6) * Senate Majority Leader: Bob Dole ( R- Kansas) (until January 3), Robert Byrd ( D- West Virginia) (starting January 3) * Congress: 99th (until January 3), 100th (starting January 3) Events January * January 5 – President Ronald Reagan undergoes prostate surgery, causing speculation about his physical fitness to continue in office. * January 13 – New York mafiosi Anthony "Fat Tony" Salerno and Carmine Peruccia are sentenced to 100 years in prison for racketeering. * January 22 – Pennsylvania State Treasurer R. Budd Dwyer commits suicide by shooting himself during a press conference. The incid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1986 In The United States
Events from the year 1986 in the United States. Incumbents Federal government * President: Ronald Reagan ( R-California) * Vice President: George H. W. Bush ( R-Texas) * Chief Justice: Warren E. Burger (Minnesota) (until September 26), William Rehnquist (Wisconsin) (starting September 26) * Speaker of the House of Representatives: Tip O'Neill ( D-Massachusetts) * Senate Majority Leader: Bob Dole ( R-Kansas) * Congress: 99th Events January * January 12 – '' STS-61-C'': Space Shuttle '' Columbia'' is launched with the first Hispanic-American astronaut, Dr. Franklin Chang Díaz. * January 20 – The first federal Martin Luther King Jr. Day, honoring Martin Luther King Jr., is observed. *January 23 – The first group of artists are inducted into the Rock and Roll Hall of Fame, which included Elvis Presley, James Brown, Little Richard, Fats Domino, Ray Charles, Chuck Berry, Sam Cooke, the Everly Brothers, Buddy Holly, and Jerry Lee Lewis. * January 24 – The ''Voyag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Disputes In The United States
Labour or labor may refer to: * Childbirth, the delivery of a baby * Labour (human activity), or work ** Manual labour, physical work ** Wage labour, a socioeconomic relationship between a worker and an employer ** Organized labour and the labour movement, consisting principally of labour unions ** Labour Party or Labor Party, a name used by several political parties Literature * ''Labor'' (journal), an American quarterly on the history of the labor movement * '' Labour/Le Travail'', an academic journal focusing on the Canadian labour movement * ''Labor'' (Tolstoy book) or ''The Triumph of the Farmer or Industry and Parasitism'' (1888) Music * ''Labour'' (song), 2023 single by Paris Paloma Places * La Labor, Honduras * Labor, Koper, Slovenia Other uses * ''Labor'' (album), a 2013 album by MEN * Labor (area), a Spanish customary unit * "Labor", an episode of TV series '' Superstore'' * Labour (constituency), a functional constituency in Hong Kong elections * Labors, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1987 Labor Disputes And Strikes
File:1987 Events Collage.png, From top left, clockwise: The MS Herald of Free Enterprise capsizes after leaving the Port of Zeebrugge in Belgium, killing 193; Northwest Airlines Flight 255 crashes after takeoff from Detroit Metropolitan Airport, killing everyone except a little girl; The King's Cross fire kills 31 people after a fire under an escalator Flashover, flashes-over; The MV Doña Paz sinks after colliding with an oil tanker, drowning almost 4,400 passengers and crew; Typhoon Nina (1987), Typhoon Nina strikes the Philippines; LOT Polish Airlines Flight 5055 crashes outside of Warsaw, taking the lives of all aboard; The USS Stark is USS Stark incident, struck by Iraq, Iraqi Exocet missiles in the Persian Gulf; President of the United States, U.S. President Ronald Reagan gives a famous Tear down this wall!, speech, demanding that Soviet Union, Soviet leader Mikhail Gorbachev tears down the Berlin Wall., 300x300px, thumb rect 0 0 200 200 Zeebrugge disaster rect 200 0 400 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1986 Labor Disputes And Strikes
The year 1986 was designated as the International Year of Peace by the United Nations. Events January * January 1 **Aruba gains increased autonomy from the Netherlands by separating from the Netherlands Antilles. **Spain and Portugal enter the European Community, which becomes the European Union in 1993. *January 11 – The Sir Leo Hielscher Bridges, Gateway Bridge in Brisbane, Australia, at this time the world's longest prestressed concrete free-cantilever bridge, is opened. *January 13–January 24, 24 – South Yemen Civil War. *January 20 – The United Kingdom and France announce plans to construct the Channel Tunnel. *January 24 – The Voyager 2 space probe makes its first encounter with Uranus. *January 25 – Yoweri Museveni's National Resistance Army Rebel group takes over Uganda after leading a five-year guerrilla war in which up to half a million people are believed to have been killed. They will later use January 26 as the official date to avoid a coincidence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recommen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Steelworkers Of America
The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, commonly known as the United Steelworkers (USW), is a general trade union with members across North America. Headquartered in Pittsburgh, the United Steelworkers represents workers in Canada, the Caribbean, and the United States. The United Steelworkers represent workers in a diverse range of industries, including primary and fabricated metals, paper, chemicals, glass, rubber, heavy-duty conveyor belting, tires, transportation, utilities, container industries, pharmaceuticals, call centers and health care. The United Steelworkers is currently affiliated with the AFL–CIO in the United States and the Canadian Labour Congress (CLC) in Canada as well as several international union federations. On July 2, 2008, the United Steelworkers signed an agreement to merge with the United Kingdom and Ireland–based union Unite to form a new global union en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach. Icahn takes large stakes in companies that he believes will appreciate via changes to corporate policy and he then pressures management to make changes that he believes will benefit shareholders. He was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds. In the 1980s, Icahn developed a reputation as a " corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the ''Forbes'' 400 and has a net worth of approximately $17 billion to $24 billion. Since 2011, Icahn no longer manages money for outside clients, although investors can invest in Icahn Enterprises. Early life and education Icahn was born in Brooklyn to an Ashke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
