Nippon Steel says no layoffs, no plant closures at US Steel till 2026-July 2024-www.financetom.com

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

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

Mar 14, 2024 6:58 PM

TOKYO, March 15 (Reuters) - Japan's Nippon Steel ( NISTF )

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 ( NISTF ) said in the statement it is progressing through

regulatory review of the deal and determined to see it through.

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