Employees Buy Weirton Steel Works
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics
- Subcategories: Business, Labor, Unions, Work, Employment
- Curriculum: American History 1951-present
- Geographical Location: West Virginia
- Date: 1983
Article abstract: In 1983, National Steel sold its Weirton plant to its workers.
Summary of Event
In 1982, National Steel Corporation concluded that there was no future in putting more investment dollars into its plant in Weirton, West Virginia. On March 2, 1982, the corporation issued an ultimatum to the workers at the Weirton mill. Either they would have to buy the aging mill and operate it themselves or National Steel would gradually shut it down.
Precursors to this decision came long before the announcement. Declining new investment, orders...
[The entire page is 1922 words long]
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
