Judge Signs Motion Allowing LTV To Cut Benefits

YOUNGSTOWN, Ohio - The clock is running out for LTV Steel employees.

Retired salaried LTV workers will receive health and life insurance benefits until the end of next month, but not beyond, 19/43 News reported.

U.S. bankruptcy court judge William Bodoh signed a motion on Tuesday allowing the company to cut benefits on Feb. 28.

The steel producer originally wanted to cut benefits at the end of January, but agreed to extend benefits through next month.

LTV steel mills, including Cleveland's east-side plant, will remain on "hot idle" status until the end of next month.