Statement from Governor O'Malley on Sale of Severstal Sparrows Point
Statement
Issues: Labor Unions
Governor Martin O'Malley issued the following statement today on Severstal's agreement to sell its Sparrows Point steel plant to RG Steel LLC.
"The announcement today that RG Steel Inc. has agreed to purchase the Sparrows Point mill from Severstal US Holdings LLC holds the promise that the plant's long tradition of manufacturing and steel production -- and of providing jobs with family-supporting wages -- will continue.
"For generations, Sparrows Point has been a major employer and a significant economic asset for the State. We welcome RG Steel and its headquarters to Maryland and stand ready to help the company and the United Steelworkers return, retrain and retain nearly 2,000 steelworkers in Sparrows Point."
Source