Steelworkers reach tentative agreement with possible buyer for Hamilton Specialty Bar

http://www.newswire.ca/en/releases/archive/July2007/10/c5347.html

Attention News Editors:
Plant could reopen in August: Steelworkers reach tentative agreement with possible buyer for Hamilton Specialty Bar

HAMILTON, ON, July 10 /CNW/ - Members of the United Steelworkers' (USW)
Local 4752 will meet next Tuesday (July 17) to review details of an agreement
reached with US firms Woodside Capital and Pinnacle Steel, which could lead to
the reopening of Hamilton Specialty Bar as early as August.
Union members and hundreds of retirees were left jobless and without
benefits when the plant was shut down at the end of May by Delaware Street
Capital. Delaware took over from the former Slater Steel in 2004.
"In the midst of so much bad news around manufacturing, this potential
new life for this plant is incredibly good news," said USW Area Coordinator
Tony DePaulo. "Of course our members will make the final decision.
"Local 4752 has fought so hard to save Hamilton Specialty Bar for its
members and retirees. No one deserves a break more than they do."
DePaulo said no details will be released until next Tuesday's 11 a.m.
meeting at LIUNA Station on Barton Street in Hamilton. If accepted, Woodside
will seek court approval for the purchase. If approved, the new plant would
begin to recall 120 workers with a view to bringing back more over time.

FULL story at link.