LTV Workers Rally; CEO Steps Down - Cleveland 19 News Cleveland, OH

LTV Workers Rally; CEO Steps Down

CLEVELAND - LTV workers rallied on Thursday in an attempt to save their jobs, and at the end of a bittersweet day, they were celebrating with new hope, 19/43 News' Paul Orlousky reported.

Much of the cheering at the rally had to do with the fact that the company's top man stepped down. Workers blamed CEO William Bricker for pushing the company toward a complete shutdown, and early Thursday evening, he announced his resignation.

In a letter to LTV's board of directors, Bricker said that he was very disappointed that he was not able to "return the company to viability."

The distrust between LTV management and its workers was evident in a Cleveland federal courtroom Thursday afternoon.

Two lawsuits were filed, asking for a temporary restraining order against LTV that would bar the company from slowing production at its mills.

Before any order was granted, LTV agreed that it would not slow down production, but lawyers representing the workers demanded to have it in writing because they feel that they've been lied to in the past.

"Its not good to trust LTV's upper management," LTV worker Mike Mormile said. "I think their intention has always been to liquidate."

"They were moving toward cold idle status, we realize that," Cleveland City Council President Michael Polensek said. "They got caught, and they've had to reverse their position. So, today was a victory for the people of the city of Cleveland and the steelworkers."

LTV promised not to slow production until at least next Tuesday, when its request to close down will be heard in federal bankruptcy court in Youngstown.

Powered by Frankly