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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 ...
For example, the trustees can invest the assets of the pension scheme in the company that sponsors the SSAS pension scheme – a process known as pension-led funding. This can take the form of loans to the employer and the purchase of shares in the sponsor, however, there are limits that apply. [ 3 ]
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 ...
In 1876, the Sons of Vulcan (a puddlers union), the Iron and Steel Heaters Union (a union of workers who operated roughing and rolling machines, and who acted as catchers for still-hot rolled steel), the Iron and Steel Roll Hands Union (another union of roughers, rollers and catchers) and the Nailers Union (riveters) merged to form the ...
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce. The board, which was jointly ...
The new union, with 860,000 active members in the United States and Canada,was the largest industrial labor union in North America. The union is known as the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied-Industrial and Service Workers International Union, abbreviated as the "United Steelworkers" or by the acronym USW.
The term employee trust (or, in the UK, employee benefit trust) is most likely to be used to describe a trust, where the trustee has wide-ranging powers, to be used at its discretion. Such a general employee trust may, nevertheless, in practice be intended to achieve a particular purpose and be named accordingly. [7] For example:
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