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Article #1359

LTV/TRICO

#1359
From: Donald C. Whipkey
Date: Tue, 02 Jul 1996 00:00
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LTV has fooled the taxpayers of many fine communities after they were 
good enough to give them millions in tax abatements. The same thing is 
now going on in Alabama.... they are building the newest, largest and 
most sophisticated mini-mill in the country. They call it TRICO. Not only 
have they deceived the taxpayers, they also deceived their own employees 
who helped them out by giving huge concessions at the time of their 
bankruptcy.
GREED is the name of the game... everything for LTV and nothing for 
communities or employees. LTV is now playing the same game with Alabama, 
except, this time the stakes are higher because LTV could be building 
this mill at the expense of the taxpayers in the City of Cleveland and 
employees who bailed them out.
LTV will tell everyone not to worry because the new mini-mill will not 
affect us in Cleveland..."LIKE HELL IT WON'T" it will produce more than 
2.2 million tons a year. The effects of the new mini-mill will eventually 
steal our jobs and if that works, you'll see more popping up in the 
future.
Since LTV has a surplus of monetary resources they should re-invest in 
those facilities located in the communities that CARED enough about them 
and the employees who stuck by them when they were in dire need of help. 
They can modernize their facilities to produce what they can produce in 
Alabama, needless to say, to compete with foreign steel companies, 
instead of making them partners in TRICO.
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From: "Donald C. Whipkey" <stlwkr@en.com>
Subject: LTV/TRICO
Date: 1996/07/02
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