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Tuesday, May 21, 2013 | 7:41 p.m.
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Updated: 7:24 p.m. Friday, Feb. 7, 2003 | Posted: 7:23 p.m. Friday, Feb. 7, 2003
Philadelphia, Pa —
BETHLEHEM STEEL ANNOUNCED IN BANKRUPTCY COURT THAT IT WILL LOOK TO ELIMINATE HEALTH AND LIFE INSURANCE BENEFITS FOR ABOUT 95, 000 RETIRED WORKERS AND DEPENDENTS. THE NATION'S THIRD LARGEST STEEL COMPANY SAID IT CAN NO LONGER AFFORD TO PAY THE BENEFITS.
THE UNITED STEEL WORKERS OF AMERICAN CALLED THE MOVE "MORALLY CALLOUS." THE BANKRUPT COMPANY WILL MEET WITH THE UNITED STEEL WORKERS AND OTHER PARTIES INVOLVED TO DISCUSS THE DETAILS. UNITED STEELWORKERS HAS VOWED TO FIGHT THE TERMINATION OF BENEFITS.
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