NEW YORK An Ohio lawmaker
has expressed "concern" over bankrupt steelmaker RG Steel
LLCs employee retention plan, which would pay for salary
and health-care costs for about 21 "key" RG Steel employees
during the former Sparrows Point, Md.-based steelmakers
"wind-down" process, according to court filings.
Rep. Jack Cera (D., District 95)
has said that the plan comes as many other RG Steel employees
have been left "struggling to find and pay for health-care
coverage for themselves and their families," according to a
letter filed Nov. 8 in U.S. Bankruptcy Court in Delaware."For
the court to permit payment for health care to a few top-tier
executives while the government must try to provide health care
to all other RG Steel employees is blatantly unfair and should
not be permitted," Cera wrote.
The United Steelworkers union
also has objected to the plan, calling it a "cash grab" in a
letter to members sent Oct. 26.
A hearing to discuss the plan is set for Nov. 20.