Search results
Results from the WOW.Com Content Network
Unlike rival Stelco, Dofasco is not unionized.As a result, Dofasco has avoided many of the strikes and work stoppages which have plagued its cross-town rival. Some investors complained that the profits should have been distributed to shareholders as a special dividend rather than giving workers larger bonuses, which was a factor in the underperforming stock price despite strong results.
Sherman is the great-grandson of Frank A. Sherman, cofounder of Dofasco, a steel company in Hamilton, Ontario. Sherman grew up in Muskoka , where he was homeschooled by his mother, whom he credits with his interest in writing.
This page was last edited on 25 April 2005, at 18:27 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
It has approximately 7,300 employees at its Hamilton plant, and the four million tons of steel it produces each year is about 30% of Canada's flat-rolled sheet steel shipments. Dofasco was North America's most profitable steel producer in 1999, the most profitable in Canada in 2000, and a long-time member of the Dow Jones Sustainability World ...
At the time of the transaction, it was reported that Algoma had 9,000, largely unionized, employees. Dofasco owned Algoma from 1988 to 1991, making the combined company the largest steel producer in Canada. However, Dofasco wrote-off their equity investment less than three years later as Algoma entered a prolonged restructuring process.
Steelmaking in Canada has long been associated with pollution. For example, in 1989, Stelco and Dofasco were listed among the "dirty dozen" polluters in Ontario: "For many years Steeltown's two giants pumped liquid discharges that contained cyanide, phosphorus, ammonia, solvents and phenols straight into Hamilton Harbour. Stelco, in particular ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
ArcelorMittal was formed in 2007 from the $33 billion acquisition of Arcelor by Mittal Steel Company. [1] [5] The merger was consummated after Mittal Steel Company raised its bid for Arcelor and the Mittal family agreed to relinquish its controlling stake in the company and execute a standstill agreement not to acquire a controlling interest without approval from independent directors.