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Sun Indalex Finance, LLC v United Steelworkers, 2013 SCC 6, arising from the Ontario courts as Re Indalex Limited, is a decision of the Supreme Court of Canada that deals with the question of priorities of claims in proceedings under the Companies' Creditors Arrangement Act, and how they intersect with the fiduciary duties employers have as administrators of pension plans.
The 46,000 members of the Aluminum Workers of America voted to merge with the budding steelworker union that was the USW in June 1944. Eventually, eight more unions joined the USW as well: the International Union of Mine, Mill and Smelter Workers (1967); the United Stone and Allied Product Workers of America (1971); International Union of District 50, Allied and Technical Workers of the United ...
The Steel Workers Organizing Committee (SWOC) was one of two precursor labor organizations to the United Steelworkers. It was formed by the CIO (Committee for Industrial Organization) on June 7, 1936. It disbanded in 1942 to become the United Steel Workers of America. The Steel Labor was the official paper of SWOC.
A sheet metal trust formed in 1900 which brought nonunion plants into competition with the AA's unionized facilities at the American Sheet Steel Company. The company refused to recognize the AA and idled union plants while keeping nonunion works running at full speed. [28] The formation of the U.S. Steel trust in 1901 threatened the AA with ...
[1] [2] The organization must also meet the following additional requirements: It must be a voluntary association of employees;. [2] Substantially all of its operations are for the purpose of providing benefits; Its earnings may not benefit of any private individual, organization, or shareholder other than through the payment of benefits; [3]
When the 1946 collective bargaining agreement expired in 1949, the United Steelworkers demanded that U.S. Steel provide each worker a pension. The Taft-Hartley Act's provisions permitting an injunction against a strike in an industry critical to national security were invoked an hour after the United Steelworkers walked off the job on July 7. [114]
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.
On November 7, 1959, on the 116th day of the strike, the Supreme Court upheld the appellate court's findings. In Steelworkers v. United States, 361 U.S. 39 (1959), in an 8–1 per curiam decision, the court upheld the constitutionality of the Taft-Hartley Act. The justices affirmed the district court's injunction, ordering the workers back to ...
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