Taking the Initiative
Taking the Initiative Early on, the United Steel Workers of America had some doubts about whether ESOPs were in the best interests of its members, but the union has now embarked on a strategy to...
...In fourteen, members hold majority ownership...
...And the union has recently set up a Worker Ownership Institute, co-chaired by Williams and Russ Maier, president and CEO of Republic Engineered Steels, the largest USWA-organized employee-owned company...
...But now we're going in that direction quite aggressively...
...Taking the Initiative Early on, the United Steel Workers of America had some doubts about whether ESOPs were in the best interests of its members, but the union has now embarked on a strategy to use employee ownership to stabilize members' jobs...
...S.C...
...We used to think of employee ownership defensively, as an alternative to a company going under," says Lynn Williams, former USWA president...
...USWA members participate in thirty-five ESOPs, twenty-four of which resulted from union-led buyouts...
Vol. 59 • February 1995 • No. 2
