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BUSINESS
September 17, 1992 | From Times Staff and Wire Reports
LTV Steel to Close Cleveland Coke Facility: LTV Steel will close a Cleveland Works coke plant by the end of the year. The company said it will cost too much to keep the 40-year-old plant open in the face of stricter environmental rules. Some of the 300 employees at the plant are expected to retire. The rest will be assigned other jobs as they become available, LTV Steel said. LTV Steel makes flat rolled and tubular steel products.
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BUSINESS
February 19, 1985
LTV Steel Co., a subsidiary of LTV Corp., said it will restart one of two electric furnaces at its Pittsburgh steel works. The company said it will also restart a blooming mill at the same location. About 275 employees will be recalled to run the operations, which have been idle since May, 1984, LTV Steel said. The company said the restarts are because of increased orders at LTV Steel's flat-rolled division.
BUSINESS
April 18, 1990 | RICH EXNER, UNITED PRESS INTERNATIONAL
With one quarterly report under its belt, the largest employee buyout in the history of the United Steelworkers union--the purchase of LTV Steel Co.'s bar division--is showing signs of success. The former LTV division, now known as Republic Engineered Steels Inc., was sold to 4,900 former LTV employees in five states in a deal that closed last Nov. 28 after union members approved a contract with a seven-year no-strike clause and some pay increases.
BUSINESS
November 22, 1988 | From Reuters
LTV Corp., the nation's second-largest steel company, reported a third-quarter net loss Monday of $1.24 billion because of Chapter 11 bankruptcy costs and an accounting change. A year earlier, the Dallas-based firm posted a profit of $109.7 million. Sales fell in the most recent quarter to $1.71 billion from $1.75 billion a year earlier. Without the bankruptcy charge and accounting change, LTV said, it would have earned $132.2 million for the third quarter.
BUSINESS
April 18, 1990 | RICH EXNER, UNITED PRESS INTERNATIONAL
With one quarterly report under its belt, the largest employee buyout in the history of the United Steelworkers union--the purchase of LTV Steel Co.'s bar division--is showing signs of success. The former LTV division, now known as Republic Engineered Steels Inc., was sold to 4,900 former LTV employees in five states in a deal that closed last Nov. 28 after union members approved a contract with a seven-year no-strike clause and some pay increases.
BUSINESS
September 17, 1992 | From Times Staff and Wire Reports
LTV Steel to Close Cleveland Coke Facility: LTV Steel will close a Cleveland Works coke plant by the end of the year. The company said it will cost too much to keep the 40-year-old plant open in the face of stricter environmental rules. Some of the 300 employees at the plant are expected to retire. The rest will be assigned other jobs as they become available, LTV Steel said. LTV Steel makes flat rolled and tubular steel products.
NEWS
April 18, 1989 | From Associated Press
Fire at an LTV Steel Co. coke plant injured nine people, three seriously, police said Monday. The blaze broke out in a building containing combustible gas that is produced in baking coal to make coke, which is used in making iron, LTV spokeswoman Debbie Kuvalich said.
BUSINESS
November 22, 1988 | From Reuters
LTV Corp., the nation's second-largest steel company, reported a third-quarter net loss Monday of $1.24 billion because of Chapter 11 bankruptcy costs and an accounting change. A year earlier, the Dallas-based firm posted a profit of $109.7 million. Sales fell in the most recent quarter to $1.71 billion from $1.75 billion a year earlier. Without the bankruptcy charge and accounting change, LTV said, it would have earned $132.2 million for the third quarter.
BUSINESS
February 19, 1985
LTV Steel Co., a subsidiary of LTV Corp., said it will restart one of two electric furnaces at its Pittsburgh steel works. The company said it will also restart a blooming mill at the same location. About 275 employees will be recalled to run the operations, which have been idle since May, 1984, LTV Steel said. The company said the restarts are because of increased orders at LTV Steel's flat-rolled division.
CALIFORNIA | LOCAL
September 10, 1986
Edward J. Carlough, president of the Sheet Metal Workers' International, waxes gleefully on your Editorial Pages over the great strides organized labor has made for the working people in wages, benefits, etc. Page 1 of The Times on Labor Day has an article on how one town, Aliquippa, Pa., has fared since the major employer, LTV Steel Co., shut down. The great steel mills in this country have shut down because the exorbitant wage increases won by the labor unions have made them unable to compete with foreign competition.
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