No LTV Decision Reached On Tuesday

YOUNGSTOWN, Ohio - After listening to arguments from both sides -- LTV corporate and the steelworkers' union -- for hours on Tuesday, a Youngstown bankruptcy court judge decided to give it a rest, 19/43 News' Harry Boomer reported.

Testimony will resume on Wednesday.

That means that the fire was still burning at the LTV facility on Cleveland's east side, and approximately 3,700 jobs were saved for at least another day.

A decision was expected on Tuesday, so workers from as far away as Illinois were bused in to show their support for the union in their fight against LTV Corp.

While the workers made themselves heard during a day-long rally outside of the federal courthouse in Youngstown, LTV's chief operating officer, John Turner, was inside telling the judge that his company is losing $1 million to $2 million a day.

Turner also said that LTV needs $800 million over the next five years to keep rolling out steel. This, he said, justified the company's desire to hot idle and then close its integrated steel mills, including the one in Cleveland and a coke plant in Warren.

Local politicians were also inside the courtroom presenting their case, and after the judge adjourned for the day, they came out and talked with the rallying workers.

"If they can't get the approval to liquidate, then why don't they give us time to go to the steel loan board to operate," U.S. Rep. Dennis Kucinich said.

"It's premeditated murder of a company in the city of Cleveland for them to admit under cross-examination that they have $125 million in cash," Cleveland city councilman Michael Polensek said. "In private meetings, they're telling us that they can't pay their creditors and don't have enough money to function."