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Word: weirton (lookup in dictionary) (lookup stats)
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Lately, sinking together has been a distinct possibility. In March, National Steel announced it was "not economically feasible" to modernize the marginally profitable (less than $10 million on 1981 sales of $1 billion) Weirton plant; the company prefers to invest in other enterprises with "the potential for substantially higher returns." By 1987 most of the factory would be shut down and 70% of the work force fired, unless, National Steel said, Weirton's 8,800 workers would like to buy the facility and run it themselves...

Author: /time Magazine | Title: Refusing to Say Uncle | 8/9/1982 | See Source »

...have wondered if and how the sale, which would be the largest of its kind in the U.S., might be accomplished. Last week a consulting firm, hired by the Steelworkers, said it was possible. To get financing and ensure future profitability, however, sacrifice would be required: at least 400 Weirton employees would be laid off and the rest would face a 32% cut in pay and fringe benefits. Moreover, the workers would have to spend $1 billion on new equipment through the 1980s. The payroll saving would be used to buy stock in a new, worker-owned company, and that...

Author: /time Magazine | Title: Refusing to Say Uncle | 8/9/1982 | See Source »

...Weirton native and the union's lawyer. "You can talk all you want about 'worker participation,' but you don't have anything unless you have a decent business." Right now the steel company is both the largest employer and taxpayer in the state. Employees have always had their own in-house union, unaffiliated with the United Steelworkers of America, and relations with management have been comparatively smooth (no strikes since the Depression) and rewarding (wages and benefits average $24.65 an hour, compared with about $22 for Steelworkers nationally...

Author: /time Magazine | Title: Refusing to Say Uncle | 8/9/1982 | See Source »

...Weirton THE HOME OF THE MIGHTY TIN CAN; old-fashioned tin plate, which has lost much of its market to aluminum and plastics, accounts for half of the plant's 2 million-ton annual production...

Author: /time Magazine | Title: Refusing to Say Uncle | 8/9/1982 | See Source »

...town of immigrants and their offspring-Poles, Greeks, Italians, Yugoslavs-whose sense of ethnic and familial snugness is reinforced by friendships forged on the steel-mill floors. This closeness was depicted in the movie The Deer Hunter, whose home-town scenes were filmed in Weirton. "You just know everybody," says Fran Crow, 27, a third-grade teacher. Her husband John, 28, has been furloughed from his job as a Weirton Steel salesman, one of 2,600 who received a pink slip in the past two years. "At first I was thrilled," he says. "I thought I'd play...

Author: /time Magazine | Title: Refusing to Say Uncle | 8/9/1982 | See Source »

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