Brief History Of Trouble At LTV Steel

TIMELINE
  • Dec. 29, 2000 - LTV files for Chapter 11 bankruptcy.
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  • April 11, 2001 - LTV
  • t face="Arial" size="2"> begins restructuring
  • t face="Arial" size="2">
  • t face="Arial" size="2">and announces that it intends to close its west-side mill
  • t face="Arial" size="2"> in Cleveland
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  • J
  • t face="Arial" size="2">uly 9
  • t face="Arial" size="2">, 2001 - A
  • t face="Arial" size="2"> labor agreement clears the way for
  • t face="Arial" size="2">LTV
  • t face="Arial" size="2"> to continue restructuring.
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  • Nov. 20, 2001 - LTV
  • t face="Arial" size="2"> asks a bankruptcy court for their approval to cease operations.

KEY FACTS

Headquarters: Cleveland.

Operating locations: More than 50 plants in 17 states, Canada

and Britain.

Employees: About 17,000. Company estimates about 100,000 people,

70,000 retirees and their dependents rely on LTV for medical
benefits.

Company history: Formerly a conglomerate with interests ranging

from aerospace to pharmaceuticals, LTV entered the steel business
in 1968 when it acquired Jones & Laughlin Steel; it added adding
Youngstown Sheet and Tube in 1978 and Republic Steel in 1984. All
three were combined into LTV Steel. In Cleveland, LTV Steel now
sits on former Republic and J&L properties. Bankruptcy in 1986.
Reorganized and came out of bankruptcy in 1993. Filed for
bankruptcy protection again on Dec. 29.

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