Nippon Steel says no layoffs, no plant closures at US Steel till 2026

Nippon Steel said in the statement it is progressing through regulatory review of the deal and determined to see it through.

Reuters

March 15, 2024 / 14:27 IST

Nippon Steel says no layoffs, no plant closures at US Steel till 2026

Japan's Nippon Steel said on Friday that under its proposed takeover of U.S. Steel there would be no layoffs and no plant closures until September 2026, under certain conditions.

Nippon Steel said in the statement it is progressing through regulatory review of the deal and determined to see it through.

Reuters

first published: Mar 15, 2024 08:39 am

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