CLEVELAND (AP) - A deal reached on Thursday between LTV Corp. and U.S. Rep. Dennis Kucinich will keep the company's steel mills running for at least a few more days.
LTV agreed to continue production until a Tuesday hearing when a federal judge in Youngstown will consider the company's long-term future.
Kucinich had asked a federal bankruptcy judge in Cleveland to block LTV from halting production after workers told him that the company is planning a so-called cold shutdown. Such a shutdown would prevent blast furnaces from being restarted.
LTV lawyer David Heiman told Judge Randolph Baxter that the company had no intention of going to a cold idle status.
The company has asked permission to shut down and sell off its assets because it can no longer afford to operate. A shutdown would cost about 7,500 jobs.
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