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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (21015)1/11/2005 11:30:39 AM
From: RealMuLan  Read Replies (1) of 116555
 
Energy Workers Union to Merge with Steelworkers
Tue Jan 11, 2005 10:13 AM ET
HOUSTON (Reuters) - The United Steelworkers of America and the Paper, Allied-Industrial, Chemical and Energy Workers International Union (PACE) said they will ask their members to approve a merger of the two organizations, which would form the largest industrial labor union in North America.

The merger, if approved at votes scheduled for April, would create a single union with a membership of 850,000 workers and an annual income of $623 million representing most U.S. steelworkers, paper mill employees and refinery workers, the unions said in a statement issued Tuesday.

The Steelworkers union is the larger of the two organizations, representing 575,000 workers. It had an income of $561 million in 2003.

The first step toward a merger was taken 10 months ago, when the two unions agreed to work together on safety issues and political campaigns. Preliminary talks on a merger began in November.

PACE represents 275,000 workers and had income of $62 million in 2003. The union represents 30,000 oil refinery workers, the most of any U.S. labor organization.

© Reuters 2005. All Rights Reserved.

reuters.com
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