OTHER NEWS - March 2, 1994

Steelmaker Hit by Strike: About 4,000 members of the United Steelworkers of America walked off their jobs at Wheeling-Pittsburgh Steel Corp. plants in three states. It was the company’s second labor dispute in nine years. Union negotiators said pensions, medical benefits, salaries and retiree insurance were some of the sticking points. Wheeling-Pittsburgh, based in Wheeling, W. Va., is the nation’s eighth-largest company producing steel from scratch. Last year, the company performed strongly but still posted a loss of $6.2 million as it paid off debt earlier than anticipated. The current, three-year labor contract was part of the company’s re-emergence from bankruptcy in 1991.