John Bonnar Audio Blog

Locked out Steelworkers take their fight to Bay Street

| February 15, 2011

Show Notes:

The Toronto and York District Labour Council organized a rally Monday outside the offices of the Bank of Nova Scotia and Brookfield Asset Management, who helped finance the acquisition of Stelco by U.S. Steel in 2007.

Several hundred people from various unions came out to lend their support.

U.S. Steel continues to demand that Steelworkers agree to de-index all pensioners.

"Brookfield's Tricap Restructuring Fund was the largest shareholder of Stelco and realized proceeds of nearly eight times the original investment," reported the Toronto Star in 2007.

U.S. Steel has locked out 900 Steelworkers in Hamilton since November 7.