Union Urges Court To Block RG Steel Employee Payments

Law360, New York (November 16, 2012, 2:46 PM EST) -- Former RG Steel LLC workers urged the Delaware bankruptcy court Thursday not to greenlight a plan that would pay the bankrupt steel company's remaining 21 employees salaries and benefits through the end of the year while the former workers “face financial ruin.”

The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, which represents more than 3,500 steelworkers laid off after RG Steel filed for bankruptcy in May, said there was no basis for the court to approve the company's...
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