Nippon Steel pledges $5,000 worker bonus after U.S. Steel acquisition

Nippon Steel Corp. pledged Wednesday to pay $5,000 to each United States Steel Corp. employee as a one-time "closing bonus" if the Japanese steelmaker is permitted to complete its controversial acquisition of the American firm.The announcement comes as U.S. President Joe Biden is reportedly planning to formally block the $14.1 billion buyout on national security grounds, possibly this month."We hope that this bonus demonstrates Nippon Steel's long-term commitment to sharing the success of U.S. Steel and providing a more secure future for employees, their families, and communities," Takahiro…READ FULL ARTICLE