Word: posco
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...those who have, the rollbacks may involve nonwage items, ranging from lost vacation time to shrunken health benefits. But a pay reduction remains the unkindest cut. Buffy Mello, 34, a divorced mother of three, dreads the arrival of next March because she is among 950 workers at the USS-POSCO steel mill in Pittsburg, Calif., who will suffer a 4.5% pay reduction at that time. For Mello, a junior-grade electrician, the change will reduce her wages from $14.37 an hour to about $13.73, a difference of $108 a month. Other workers elsewhere are getting raises, but the hikes...