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Costello is the human face of a dramatically changed industry. With about 30 steel firms operating under bankruptcy protection, the steelworkers' union has willingly taken part in a vast restructuring of pay and benefits spearheaded by New York City investor Wilbur Ross. His International Steel Group (ISG) recently completed its third major acquisition in two years, buying most of the assets of bankrupt Bethlehem Steel. Ross warns of more wage pressure ahead: "If we don't reform our labor system very soon, we won't have a manufacturing sector to worry about." He is taking aim at work rules that...
Make no mistake: the reform of which Ross speaks means employees will be working harder for fewer benefits. Bethlehem Steel, along with Acme Steel and LTV before it, off-loaded a total of $8 billion in pension obligations to the federal Pension Benefit Guaranty Corporation before Ross acquired it. He then wiped out health-care benefits that had been promised to retirees. For current workers, he installed co-pays and coverage limits where there were none before and replaced the union's defined-benefit pension plan with a less secure defined-contribution plan...
Both Pring-Wilson’s mother, Cynthia M. Pring, and father, Ross A. Wilson, are Colorado attorneys and will help in their son’s defense...
...double came after Klimkiewicz had worked a seven-pitch at-bat out of Princeton’s Ross Ohlendorf (4-2), who is regarded as one of the conference’s better pitching prospects. With Salsgiver and senior catcher Brian Lentz on second and third after a double steal, Klimkiewicz laced Ohlendorf’s eighth pitch to right to give Harvard a 2-1 lead...
Junior Ryan Quillian (5-4, 3.26 ERA) and sophomore Ross Ohlendorf (1-1, 3.41) combine to form a formidable one-two combination. Not to mention that Pauly made a rare start last weekend—throwing a four-hitter—in a meaningless game against Cornell, leaving speculation that he may get a start if needed...