U.S. Steel has hired The Glover Park Group's Joe Lockhart
to help spearhead its aggressive $3 million lobbying campaign
to push for a $12 billion federal bailout of employee retirement
benefits and up to 40 percent tariffs on imports, which would
raise the price of every auto and refrigerator sold in the
U.S., according to The New York Times.
Lockhart
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USS CEO Tom Usher warns that if the industry does not get
relief it will have to eliminate up to 60,000 steelworker
jobs.
Bethlehem Steel, the No. 2 integrated steel producer after
USS, cited the "legacy cost" burden as one of the
reasons that drove it into bankruptcy last year. It has 13,000
employees compared with 75,000 retirees.
The steel industry is not unanimous about the need for a
federal bailout. Nucor, the nation's leading steelmaker, has
criticized the government assumption of retirement benefits
as nothing short of "corporate welfare." Nucor's
workforce is largely non-union.
Lockhart was President Clinton's press secretary and a former
senior VP at Robinson Lerer Sawyer Miller. He told this website
that Clark & Weinstock's Vin Weber, the former Republican
Congressman from Minnesota, is working on a parallel campaign
"Stand Up for Steel," which is an effort orchestrated
by the steel workers' union. "I work directly for U.S.
Steel," said Lockhart.
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