TOKYO, Dec 11 (News On Japan) –
Local media within the United States reported that President Joe Biden plans to dam Nippon Steel’s acquisition of US Steel, citing nationwide safety issues. Following this report, Nippon Steel introduced that it could present a one-time bonus to US Steel workers if the acquisition is accomplished.
According to native media, Biden’s administration is reviewing the matter with a call anticipated by the tip of 2024. Nippon Steel responded by stating that, upon profitable completion of the acquisition, every US Steel worker would obtain a $5,000 bonus, roughly 750,000 yen.
The firm defined that the bonus is meant to reveal its long-term dedication to the success and stability of US Steel and its workers and their households. Nippon Steel additionally urged understanding and help for the acquisition.
Source: テレ東BIZ