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Ira Rennert is no stranger to controversy

7 ira’s hampton digs

Ira Rennert’s $170-million ocean view.

Photo by: state-of-the-union.com

Ira Leon Rennert is a man who gets what he wants – from a sprawling Long Island mansion complete with a 200-car garage to a smooth escape from environmental fines through a bankruptcy filing.

As founder and owner of The Renco Group (the first three letters of his name plus “company”), the 76-year-old with a leonine mane of white hair is listed by Forbes magazine as the world’s 144th richest person, reportedly worth $5.3 billion.

Pulling himself up from Polish immigrant roots in Brooklyn, he won his wealth by buying distressed or bankrupt companies shunned by others, then making them pay fat dividends to his holding company through long-term ownership.

His good fortune is currently on display on Long Island in Sagaponack where – amid the rich and famous in the fabled Hamptons -  his $170 million oceanfront estate is considered to be largest residential compound in the U.S.

Last week, Rennert followed his trademark formula by buying the Sparrows Point, Warren and Wheeling steel mills from Severstal for just $125 million in cash. (Renco says it will also pay a $100 million note, repay $317 million of third-party debt and assume $650 million in employee-related and environmental liabilities.)

The purchase of Sparrows Point was greeted with high praise by the United Steelworkers union (USW), which hopes that Rennert will invest in the mills and return them to full production.

During a torturous sales process, the union favored Rennert over other potential buyers, including Optima Fund, Aurora Capital and the Argentina-based steelmaker Ternium, whose attempt to buy only the Sparrows Point mill met with high-level USW opposition.

Ira Rennert’s name was not mentioned in last week’s press release announcing the sale of Sparrows Point to RG Steel, a Renco subsidiary. Nor has Renco revealed its plans for the steel mills except to say that Sparrows Point will become the future headquarters for RG Steel.

Ira and Inge Rennert attend the Literacy Partners' 25th Anniversary  gala  at Lincoln Center in 2009.  (Wire Image)

Ira and Inge Rennert attend the Literacy Partners' 25th Anniversary gala at Lincoln Center in 2009. (Wire Image)

“We See Value and Growth”

Since forming Renco Group in 1975, Rennert has collected a motley group of industrial companies engaged in mining, mineral extraction, automotive assembly, metal fabrication and warehousing.

These include AM General, Baron Drawn Steel, Doe Run Co., Doe Run Peru, U.S. Magnesium, Unarco, and Inteva with combined annual revenues of $5 billion.

As a private company, Renco provides no financials. On its website, Renco describes itself as a family-owned holding company that makes long-term investments in companies “where we see value and growth.”

The website continues: “We provide a permanent home for our family of companies; building value over time by retaining earnings and reinvesting in each business… We operate a decentralized business model with each company’s management team operating independently and with broad autonomy. We enable our operating subsidiaries to experience strong financial returns by retaining highly skilled and experienced management teams with attractive incentives and through capital support.”

Renco Group is headquartered at Rockefeller Center in New York.

Profits and Bankruptcies

One of Rennert’s greatest successes is AM General, maker of the High Mobility Multi-Purpose Wheeled Vehicle, or Humvee, for the U.S. Army. He picked up the company for $133 million in 1992 (only $10 million in cash) and hit the jackpot in 2004 when he sold a 70 percent stake to Ron Perelman’s financial group for close to $1 billion.

Renco reports that AM General has built 270,000 Humvees at its U.S. facilities in Indiana, Michigan and Ohio and employs some 2,400 workers.

Other Renco-controlled companies did not fare as well.

Three of them – Lodestar, a Kentucky coal company; U.S. Magnesium, a Utah producer of magnesium and sodium chloride; and the Warren steel mill Renco repurchased last week – filed for Chapter 11 bankruptcy protection in the early 2000s.

The Warren mill, then known as WCI Steel, sank under a load of $300 million in junk bonds issued by Renco Group that came due when the industry was in a steep cyclical decline.

Renco’s management of WCI Steel led to various disputes in bankruptcy court, including accusations by AIG Global Investment Corp. and Carlyle High Yield Partners – who bought WCI bonds – that Renco improperly transferred funds out of the steel company.

Renco denied those claims, but lost control of the company to Harbinger Capital in 2006. Harbinger sold the steel mill to Severstal in 2008.

Battling Environmental Regulators

Besides beating back disgruntled investors, Rennert has fought environmental regulators. In one celebrated battle, Renco avoid a $900 million fine by throwing its magnesium subsidiary in Utah into bankruptcy.

The company was accused by the Environmental Protection Agency (EPA) of illegally dumping chromium and other toxic wastes into the Great Salt Lake.

While Rennert avoided the fine and reorganized the company as U.S. Magnesium, he is still locked in disputes with EPA and the Department of Justice over pollution at the site 50 miles west of Salt Lake City.

Last August, a federal appeals court overturned a lower court decision that U.S. Magnesium was not illegally dumping toxic wastes. In January, EPA won a court order to designate the magnesium facility a hazardous waste Superfund site.

Smoke and fumes from the Doe Run lead smelter descend on children in the town of La Oroya, Peru, in 2009. (New York Times)

Smoke and fumes from the Doe Run lead smelter descend on children in the town of La Oroya, Peru, in 2009. (New York Times)

High Lead Levels in the Andes

In Peru, Renco’s Doe Run Co. has been repeatedly accused of polluting the Andes city of La Oroya with its lead smelter and zinc refinery. According to a statement by Renco, “Doe Run Peru is in compliance with its obligations to complete various environmental projects. In fact, Doe Run Peru has exceeded its contractual obligations and has made significant additional investments to improve conditions in the La Oroya community.”

According to a 2009 story in the New York Times, 97 percent of the children six years and under in La Oroya , a town of 35,000 people, “had lead levels that would be considered toxic by the Centers for Disease Control and Prevention in the United States.”

"High lead level" warning near Renco Group's Doe Run smelter in Herculaneum, Mo.

"High lead level" warning near Renco Group's Doe Run smelter in Herculaneum, Mo.

The untreated waters of the Mantaro River are reportedly so contaminated with copper, iron, manganese and zinc from the mine operations that the Blacksmith Institute, a nonprofit group that studies toxic sites, has called La Oroya one of the world’s 10 most polluted places.

Renco says the pollution stems not from its present operation, which has been substantially upgraded at a cost of $300 million, but from past contamination of the soil when the Peruvian government operated the smelters.

Renco’s U.S. lead operations have also been involved in major environmental controversies. The company was required to buy and level 160 residential properties and remediate soil contaminated by its smelter at Herculaneum, Mo. The remediation has been completed, and the subsidiary now reportedly meets national ambient air quality standards.

Renco Group says its companies have altogether spent more than $700 million on environmental improvement projects since 1990. “For us,” says the Renco website, a “sense of responsibility [to the environment] and the projects for which our companies devote capital goes far beyond complying with the mere letter of the law. It means constantly striving to achieve higher standards of environmental performance and developing innovative new technologies.

Versailles on the Atlantic

Despite his stated aversion to publicity, the billionaire sparked an uproar in posh Southampton, Long Island, when he filed plans to build a complex of buildings protected by hedgerows and formal English gardens.

The homeowners association sued to stop the town from issuing building permits, arguing that Rennert wanted to use the facility as a religious school or a community center in violation of local zoning laws.

Once again, Rennert prevailed.

The gargantuan Italianate compound, completed in 2004, is billed as the largest private residence in America. Among other attributes, the main house features 29 bedrooms, 39 bathrooms and a 91-foot-long dining hall. Adjoining buildings contain a 164-seat theater, two indoor tennis courts, bowling alley and squash court. The estate has its own power plant.

Nicknamed “Versailles on the Atlantic” by local wags, it inspired James Brady’s roman-à-clef, The House that Ate the Hamptons.

Main entrance to Rennert's Long Island estate. (Wall Street Journal)

Main entrance to Rennert's Long Island estate. (Wall Street Journal)

After years of maintaining a stony silence, Rennert recently relaxed his ban on the media, inviting selective reporters to attend a few functions at his estate.

A Wall Street Journal reporter who attended a dinner party last summer described chez Rennert as “a bit like going to Disney World for the rich and kosher.”

Guests were free to take photos of themselves under the tiled ceiling, in front of the fountain and by the “bima” in the sanctuary in the estate’s temple. The reporter was told that 300 mezuzot, or parchments with verses from the Torah, were on display. Outside the main house, a small cluster of Humvees stood at the ready.

Supporting Jewish Causes

A short man whose fluffy waved hair would make him the toast of Hampden at Baltimore’s Hon Festival, Rennert is an observant Orthodox Jew. He and his wife are known to give generously to Jewish causes.

He counts as friends Elie Wiesel, author and Nobel Peace Prize winner, and Israel’s Prime Minister Benjamin Netanyahu.

Ira and Inge Rennert with Israel's Prime Minister Benjamin Netanyahu.

Ira and Inge Rennert with Israel's Prime Minister Benjamin Netanyahu.

Here are some more facts on Rennert:

• Besides his Southampton estate, he owns a lavish pied-à-terre on Park Avenue in New York and commutes to another palatial house in Jerusalem on his Gulfstream V jet.

• He does not like to be photographed. There is no image of him on the Renco Group website.

• He reportedly lost about $100 million in Bernard Madoff’s Ponzi scheme.

• The Jerusalem Post reported he was among the U.S. donors who gave $25 million to Jewish settlers in the Arab part of Yerushalayim, where President Barack Obama has urged Israel to stop such construction.

• Rennert’s wife, Inge, is president of the American Friends of the Open University of Israel, founder of the Women’s Institute for Torah and a trustee at New York University Law School.

• The Rennerts have two daughers, Yonina (Nina) Davidson and Tamara Winn, and one son, Ari.

• Rennert recently bought Nina a 14-room apartment on Park Ave. that previously belonged to designer Vera Wang for a reported $33.6 million and Tamara a duplex on Park Avenue worth $32 million.

• Ari, 31, is vice president of Renco and is expected to play a role in RG Steel.

For more newspaper coverage of Rennert’s career, see:

Ira Rennert’s House of Debt” (BusinessWeek, 2/17/03)

Rennert Builds $170 Million Hamptons Mansion as Companies Fail” (Bloomberg, 7/23/04)

Poisoned City Fights to Save Its Children” (U.K. Guardian, 8/12/07)

Ira Rennert” (New York Times, 6/12/09)

Be sure to check our full comment policy before leaving a comment.

  • Guest

    Ira give me a call sometime, lets hang out

  • Ironoreman

    Well like it or not this is where we are at .Evidently the man has money,lets see if he drops any of it on upgrades as renco’s policy states. I don’t trust him or anyone else at this point.I would like to give him the benefit of the doubt, but we’ve been screwed so many times.well the saying goes “never judge malice until you first rule out incompetence”. I am waiting to see. They[renco] are going to have to show me something.We don’t have too many more opportunitys left.This needs to work, on both sides.

  • Ironmaking

    Dear Brew,
    Why don’t you just stay out of this until we are sold! There is so many people setting home waiting to get called back to work and all you do is report on the crazy life and works of Ira Rennert. The guy may be wacked like Micheal Jackson, but at least he is willing to give a chance, you won’t be happy unless we are all out of work and so you have something to write about in your article. The L-Blast furnace is the best in the industry. When we get started we’ll show you and everybody else that’s scared of us running again.

  • Curtis A.

    He won’t be personally popular with the Baltimore preletariate, but a guy and company with deep pockets known for investing and turning companies around is as good a hope as one could hope for. Whether this means more jobs or higher pay TBD, but investing in the short-term is the most important thing.

  • TABLECLOCKSMOE MOE

    OUR LEADERS …WEATHER YOU BELIEVE IT OR NOT ARE DOING A SUPERG JOB…WE BEEN WORKING ON THE OLD CONTRACT WITH OUT LOSEING NOTHING…HOPE THERE ARE NO SNAGS TO HOLD UP THE NEW ONE UP COMEING….WE ALL SHOULD BE IN PRAYER THAT IT ALL GOES WEL NX WEEK
    WHATEVER WE GOT …WE GET…LEARN HOW TO LIVE ON WHAT YOU MAKE…NOT ON WHAT YOU NEIGHBOUR MAKES….BE SAFE AND GOOD WORK FOR ALL OF UF….

    • tired

      Can I get you a dictionary?

      • steeler

        I think moe moe is Dave Macall’s pen name

    • Wci8757

      i won’t let dave mccall negotiate a fart coming out of my ass.

    • Bwaters2

      dave is that you

    • Willow

      DAM ,I KNEW THIS WAS DAVE, NEVER FOOLED ME

  • Tableclocks moe moe

    incentive to retire….25,000 be nice….

  • tired

    There is a 10,000 dollar incentive to retire which someone will only come away with 4,000 of that. NO signing bonus, NO healthcare improvement, 1 dollar an hour raise, but be aware that the incentives are going to be stripped altogether for 6 months until a new one is reinstated. This is a complete SHIT contract, we need to all stand together and vote NO!!!! This isnt only about the ohio valley plants anymore(which they dont intend to restart) Those that will be going back to work are going to take it up the ass too. We need to stand united.

    • guest

      so….. It was alright when only the ohio valley plants were going to take it in the rear- but now we have to vote it down? yeah; it sounds like we’ re united!!

      • tired

        No……. we would still vote it down even if they were to run it. I am safe in my job at the coke plant but this contract is shit. I will also stand up for my union brothers and sisters. I would stand for you as well.

        • guest

          you/re safe in your job? In the “restructure” at the mingo plant my whole department was eliminated!! 23 incumbant jobs and at least 16 of those people had over 35 years!!! Its just the beginning — no-ones job is “SAFE”

      • Wci8757

        dave mccall. when you talk the talk walk the walk. now all i hear out of your mouth is pattern,pattern,pattern. now all he did was bull shit people the last 2 1/2 years. the united steel workers and severstal have agreed to a 120 day extension to continue to work on are problems. if you rember that piece of paper that came out. now lets get this straight. the russians told him to get the hell out of the door because you are not getting nothing out of us. now all he did to save face was bull shit every body that they was still negiogating on a new contract. like i said before when he stood at locol 1375 union hall when he presented this contract we are under now you will not loose any money you will be red circled and they raped us on are incentive. now i dont’ care how any body votes but i am voting no. and i am attaching a comment sheet with my ballot as why i am voting no. i had enough of his lies and bull shit. and i think everybody should do the same.

        • tired

          I’m with you!!!!!!!! Hell no!!!

        • guest2

          Give McCall a break – his salary is only $97,700 with another 44,000 a year in ‘benefits’. I dont know how the poor guy makes it!!.

          • Wci8757

            i heard when they go out to drink the bar tab is high. it doesn’t matter. it goes on his expense account.

  • bert

    Iron ore should be readily available. Japan stands to loose 5 steel mills due to the tsunami that just hit there today. Should create somewhat of a glut. possibly intercept some of those shipments for RG’s start up inventory.

    • tired

      I cant believe you would see such a terrible tragedy as something good for your plant. God help you all!!!!!!!!

      • Pitt

        Cause Bert is a very selfish! But don’t forget how intelligent he says he is….

        • bert

          Only smart enough to construct a sentence correctly. And to vote on a contract based on it’s own merrit, and not to vote based on a guaruntee that can never be made or promises that should never been made, to begin with….. that’s all.

    • bert

      I’m truly sorry for the japanese people. and wish them all well. I’m only stating fact that was published in another forum.

  • Anonymous

    Total shit contract!!Laid of for 2 years with not much of a chance of getting Mingo running again & they expect us to sign this !!! They gotta be half crazy!!This looks like the 3rd strike for the the USW.Bouchards were so stupid between them they couldn’t change a flat tire & I won’t even get into the business acumen of the meathead Mordashov, but they both made the greedy capitalist system work for them & as always it is the working men & women that take it in the ass!! VOTE NO !!!! VOTE NO!!!!!Acquisition of wealth quite obviously does not equate with intellect!!

    • Steelworker

      I hear that they waived the $6000 signing bonus so they would extend the benefits for those whose benefits have run out or about to.

      • tired

        Yeah health benefits. Can’t see how that can be so when the contract says it will be taking 1000 from people wishing to retire in order to accommodate that.

        • TABLECLOCKS MOE MOE

          ?????…. PLEASE EXPLANE YOU COMMENT….

          • tired

            It states that the cost of the extra year of health insurance will be taken from employees severance and or buyout pay. I am quoting the contract summary in my hands…. “All incentives at all plants will be eliminated on the effective date of the contract. Within 6 months, new incentives will be installed based on the ISG model.” We were told that for warren, sparrows point and mingo that will be lower than what you had in place before. It will remain the same for the coke plant employees….. but they ARE taking it away!!!!That will be almost 300.00 a pay for 6 months. You know we dont get a signing bonus…. we can live with that but they just keep taking away!! We were told these “highlights-lowlights” arent the worst of it.

          • tired

            It states that the cost of the extra year of health insurance will be taken from employees severance and or buyout pay. I am quoting the contract summary in my hands…. “All incentives at all plants will be eliminated on the effective date of the contract. Within 6 months, new incentives will be installed based on the ISG model.” We were told that for warren, sparrows point and mingo that will be lower than what you had in place before. It will remain the same for the coke plant employees….. but they ARE taking it away!!!!That will be almost 300.00 a pay for 6 months. You know we dont get a signing bonus…. we can live with that but they just keep taking away!! We were told these “highlights-lowlights” arent the worst of it.

          • Tableclocks moe moe

            so my incentive to retire will be reduced by 1000..??
            i guess its to help the ones still laid off…if so…thats ok….if its for our union brothers i guess…

      • guest

        That is a total ripoff – there are not many people who will retire – the biggest group will retire in about three years- God willing

  • M Denise50

    people better wake up they want to put on 10 or 12 hour shifts do you know or care how many jobs and people will not be comming back i hope you ask your leaders if thats what you want to call them. asked them all the hard question whats all bad on this contract and demand to know because two three months down the road they your leaders will say you and only you voted for this piece of crap!!!!!!!!!!!

  • TABLECLOCKS MOE MOE

    ALL OF YOU THAT LOVED RENCO….LOL…LOL….NOW WE WILL BE KNOWN AS THE SLAVE STEEL MILLS….SEVERSTAL GETS PAID 317 MILLION FROM OUR PROFITS..AS PART OF THE 1.2 BILLION…OR HE GETS SLABS FOR NOTHING OR AT NO PROFIT..WHATEVER…TILL RENCO PAYS THE 317 MILLION….THE 317 IN THE SALE AGREMENT…ALL AT THE EXPENSE OF OUR PISS POOR CONTRACT….

  • WVBass Player

    This is where solidarity should really come into action.Right now,we are all splintered and in pieces.But if we all come together as a cohesive “union” of working men & women & send a loud & clear message that says unequivocally & without any ambiguity that if this is the best you have to offer us after 2 years of nail biting uncertainty,there is no need to even waste a stamp sending out a ballot !!!No signing bonus=check,no raise=check ,no incentive=check, mandatory 12 hour workdays for most likely straight time after 8=check NO RATIFICATION=CHECK !!! It is incomprehensible to any reasonably intelligent person that the USW would even approach it’s rank & file with a contract as laughable as this !!

    • guest

      so where is everyone getting these details?

      • tired

        From our union hall. Every last disgusting detail. 1190.

    • Vacman76

      Hats off to you!I agree only if our union leaders would grow a pair and stand up to these business pirates and grow a pair.Phuque ewe 1190!!!!

  • TABLECLOCKS MOE MOE

    SO FAR I DONT LIKE WHAT I HEARD…BUT I HAVE TO ASSUME DAVE DID THE BEST HE COULD…IF THINGS GO WELL AND THE ECONOME PICKS UP…MAYBE WE STILL GOT SOMETHING GOOD COMEING…I THINK…I DONT KNOW …BUT MAYBE SOME POP UP CLAUSES THAT GIVE US MONEY ACOURDING TO FUTURE PROFITS….
    WHEN THE BOOKS ARE LOOKED AT….IF YA DONT LIKE WHAT WE GET…JUST GET ANOTHER JOB…BUT FIRST YOU BETTER GET A EDUCATION….MOST OF US HAVE SINGLE PURPOSE JOBS…PUSHING BUTTONS..FORK TKS…CRANES…GOFFERS…
    O WELL…..I,LL TAKE WHAT I GET AND DO MY 4 OR 5 HRS OUT 8….WORK A FEW MORE YRS…SEE YA…MOE MOE

  • Tableclocks moe moe

    BALTIMORE WEB….PLEASE STAY WITH US THIS W/E AND POST ALL THE POSTS…ASAP..TKS FRIEND

  • Ohio Valley Girl

    The United Steelworkers said Friday that its negotiating committee has reviewed and unanimously approved the tentative agreement the union announced last week with RG Steel, which has entered a stock purchase agreement with Severstal covering about 6,000 USW represented workers.

    The union is currently preparing a summary of the proposed new agreement to send to its members with a mail-in ballot, said John Cirri, president of United Steelworkers Local 9477 at Sparrows Point.

    “You always have people who think we should’ve gotten more,” Cirri said, referring to the terms of union wages, benefits and pension plans, “but this tentative agreement allows us to restart our plant and bring our people back to work.”

    The tentative agreement, effective upon ratification, would expire in September 2014. In 2008, steelworkers at Sparrows Point began working on a month-to-month contract after Severstal failed to reach a long-term contract with the union. After the proposed sale of Sparrows Point was made public last year, steelworkers there have been working on day-to-day extensions.

    Cirri said the tentative agreement calls for pattern wage increases, health care and pension improvements. It also restarts the health care benefits and Sparrows Point Trust contributions for laid off steelworkers who have lost such coverage.

    Cirri said he could not go further into the details of the tentative contract at this time.

    In the coming weeks, the union will schedule explanation meetings for members to review the tentative agreement with their local and international USW representatives at each location, including plants in Wheeling, WV., and Warren, Ohio, that were also part of the RG Steel purchase from Severstal with the Sparrows Point mill.

    The ratification is expected to be completed by the end of March, with maintenance and operations workers expected to be called back to work first at Sparrows Point.

    RG Steel, a subsidiary of the Renco Group, a New York-based investment company with assets reportedly of $5 billion, is opening its headquarters at Sparrows Point. Quickly restarting the “L” blast furnace at Sparrows Point is likely one of the company’s first priorities, according to steel market experts.

    “It’ll take about 35-45 days to start to being pulling iron out of it, once we get the go-ahead,” Cirri said. “There’s a lot of work that needs to be done to be up-and-running. It’s been winterized and put in asset protection.”

    Severstal announced the idling of the “L” blast furnace in July. Other parts of the plant, the tin mill and cold rolling operation, have continued to function, but at a lower capacity.

    Cirri added that contrary to rumors, there has not been a lot of companies making serious bids for the three Severstal mills since they went onto the market this past fall.

    “There were not multiple groups interested, that is simply not true,” Cirri said.

    The USW represents 1.2 million active and retired workers in North America in various industries, and in both the public and private sectors. Roughly 6,000 employees at the plants affected by the announced sale are represented by the USW, according to a USW press release.

    The USW represents roughly 1,800 steelworkers at Sparrows Point, about 850 of whom are currently laid off.

    We are driving the change that needs to take place company-wide to ensure these facilities remain viable for the long term,” USW District 1 director David McCall, who chairs the union’s negotiations with RG Steel, said in a press statement.

    “This is about the future of our jobs and our communities,” McCall said, “and our collective success is in our own hands.”

    • Tableclocks moe moe

      your 5th paragrath ?? i never read or heard where john said that….
      i heard 1 dollar flat…no penison or insurance increases..no incentives for at least 6 mounths….

      • tired

        This is some Bullshit he probably gave the press. There is nothing but a dollar flat like you said. The rest is Bullshit!!!!!!

  • WVBass Player

    Did the USW hire Scott Walker to assist in negotiating this new ” pattern” contract?

  • WVBass Player

    Lets see if I got this right?? Rennert goes to a steel mill firesale & gets not one,not two,but three,count em,three whole steel mills for the bargain basement price of 125 million cash & a pile of worthless paper.Former Ruskie owner at the very least takes a 1.2 billion bath on the “failed venture” into American Steel Industry.Although he has no problem shoveling boatloads of cash into his non-union mill in Columbus Miss.Along comes the USW led by none other than our saviour McCall to pull us from the depths of unemployment despair & show us it was indeed all worth it.Renco is going to take such good care of the rank & file & show their appreciation for all that we have endured by turning back the clock & giving us less money,longer workdays,no incentive,& surely no reason to ratify because nobody needs a signing bonus either!!!!!!!!!!!!!Whomever votes for this deserves whatever other indignities,in addition to those previously outlined,Renco & the USW has in their bag of tricks!!

  • Ironoreman

    At this point in time, over the weekend, no sense believing anything you hear. Monday should hopefully bring answers.

    • tired

      Everything being said on here is fact. We have printed proof directly from our union hall.

      • Ironoreman

        I can only believe what I see written on paper in front of me. Even then I have come to find out things are rarely what they seem. Labor contracts only apply to workers. Companies can opt out at will. Although from what I’m hearing the pension is supposed to be better, prior experience tells me that will be taken from me too. So while I understand you have it in front of you I have to see it myself. Nothing personal

  • WVBass Player

    Since our illustrious union leaders seem to be cock sure that all systems will be go for a startup,I for one,propose another ending to this neverending movie.Specifically,what contingency plans are in place in the event the USW rank & file,by definition those who are actually affected by the particulars of this ” pattern contract” decide to forego the forgone conclusion of our fearless leaders & shoot this Charmin contract down in flames???????Incidentally,I have been on the street for over 2 years & even though you are offering me a shit sandwich,there is no way in hell I am going to eat it!!!!I would also venture to elaborate that a significant portion of my union brothers & sisters will pass on lunch as well!!

    • bert

      That’s a good way to lose weight…….

  • jbuck1223

    FOR MONTHS SANTORO, SAUNDERS AND THE REST OF THE LIARS AT LOCAL 1190 HAVE TOLD US WE WOULD START UP AFTER THE SALE. THEY FAILED TO TELL US ABOUT A RESTRUCTURING AGREEMENT THEY SIGNED IN MARCH OF 2010, WHICH DID AWAY WITH 700 JOBS AT LOCAL 1190. IT’S SAD THAT ON A WTRF WHEELING NEWS INTERVIEW WITH DAVE MCCALL, BENSIE,RAVASIO, CONNORS AND WAUGH CAN BE SEEN IN THE BACKROUND LAUGHING AND JOKING. THEY THINK IT’S FUNNY THEIR PLANTS ARE THE ONLY ONES NOT STARTING UP. WHAT GREAT REPS. WHEELING SEVERSTAL HAS.

    • Willow

      THEY NEVER DID CARE

  • Sylvio333

    I WATCHED DAVE MCCALLS INTERVIEW ON WTRF FRIDAY, AT THE BEGINNING I SAW BENSIE, CONNORS, RAVASIO AND WAUGH IN THE BACKROUND LAUGHING. IT MUST BE FUNNY KNOWING YOUR PLANT ISN’T GOING TO START BACK UP. IGUESS IT WOULDN’T BOTHER YOU IF YOU WERE USING YOUR UNION POSITION TO GET A PAYCHECK, WHILE YOUR MEMBERS ARE LOSING THEIR BENEFITS. STOP THE LIES..

    • Willow

      WHY SHOULDNT THEY LAUGH THERE MAKING BIG BUCKS AND KEEPING THERE FRIENDS AND FAMILY WORKING UNDER THE FRIENDS AND FAMILY PLAN UNDER SENIORTY IN THE CONTRACT BOOK. IN THE SECTION WHERE ITS VAGUE AND GRAY AREA.

  • Tableclocks moe moe

    SO DOE’S ANY ONE HAVE ANY DETAILES ??

  • Tableclocks moe moe

    CAN I GET A COPY FROM YOU ON SUNASY ??
    tableclocks@comcast.net

  • mad mill man

    some highlights from the new BLA. no signing bonus.money as was discussed,1$ per hour first year. 4% for each of the next 3 yerrs after that. all local agreements and restructuring agreements that were put in place with severstal are now in affect with R G steel.tender language is now in the BLA for all 3 plants. all incentives at all plants will be eliminated on the affective date of the contract.within 6 months new incentives will be installed based on theISG model, with a performance of 20 % above the base rates of pay. no back pay from when we were on contract extentions. if an employee is not recalled and is out of benifits an additional year of SPT ( PENSION ) CONTRIBUTIONS and PIB (health care) will be granted. the cost of this extra year will be deducted from the employees Severance Allowance , if the employee opts to leave the company. buy out is $ 10,000, and non MEDICARE HEALTH INSURANCE IS $150.00, and MEDICARE SUPPLEMENT IS $65.00. The company can discuss the alternative work schedule with the local , but it can implement it unilaterally, 10 to 12 hour shifts. these are some of the highlights, or lowlights if you will. Mr. Goodwin assured me that Yorkville is in the business plan, and is concerned about the plant receiving more steel. he also said Mingo will go back up when conditions warrent it. Sparrowers is getting ready for restart, in hope it can be ready soon. this came from the president of the Yorkville plant. 1 740 298 -5369 or e- mail jconn545@comcast.net.

    • Tableclocks moe moe

      150.00 max per person…so hub and wife is 300.00 max….depends on actual cost of what the old people are useing up,,,

    • Tableclocks

      its 250 max per non medical couple now….so it went up….

  • Tableclocks moe moe

    thank you yorkville pres….good luck to all of you

  • Tableclocks moe mioe

    i had my people talk to renco people and the union people…contract aint to bad…it wont make everone happy and none of us rich…but if you are working….T G for that
    if the econome is better at the end of 2014 ….i;ll do some things …have people talk to people… to get us a supper contract…time for F.I .S .T (slyvester stallone) to come into play..you want 8%…i;ll get you 8%…moe moe will do your nx contract…

    • Fedup

      you are an idiot with no common sense and your not as funny as you think u are. You are nothing but a Cirri _ _ _ kissing idiot

  • Tableclocks moe moe

    very interesting…..i heard…the contract is dated jan 3, 2010….yes 2010 unless they make a mistake….a few pages 12-27-2010…so i guess its been ready for a while….but so what…just interesting that it never got out…its a ok contrac….just take it and go back to work….2014….we’ll get a lot lot better….

  • Tableclocks moe moe

    MAD MILL MAN…..WHAT HAPPEN TO ALL YOUR POSTS…..?? YOU GOT IN TROUBLE ??

    • mad mill man

      i am still here, just on a different page.

  • Bwaters2

    ITS TIME FOR A REVOLUTION, IF THEY DONT WANT TO GIVE US WHAT IS OWED ,THEN SHUT IT DOWN ,THE ONLY WAY TO HURT OR EVEN AFFECT THE RICH IS GET IN THERE POCKETS , SHUT IT DOWN

    • bert

      Who decided you were owed….. you? Do you really expect RG to give you something someone else said was owed to you, you’re nuts.

    • Anonymous

       BWATERS2, you have a problem. Make your own wealth like Renner did. Stop whining, no one owes you and others like you anything.

  • Bob7812

    We need to insist on having our vote on the new contract monitor by a outside company. Not that I don’t trust our union leader SHITS

  • Sylvio333

    1190 UNION MEETING TUES. A DISASTER. WEAK UNION OFFICIALS WERE CONFRONTED ABOUT ALL THE LIES THEY’VE BEEN TELLING FOR THE LAST YEAR. BENSIE ADMITTED THEY SIGNED A RESTRUCTURING AGREEMENT THAT CUT 8OO JOBS FROM 1190, AFTER DENYING IT FOR MONTHS.

    WHY IS IT SO HARD FOR OUR UNION OFFICIALS TO TELL THE TRUTH ?????

    • guest 2

      Apparently you dont make the regular meetings — that has been discussed several times and the 800 figure is wrong8

    • mad mill man

      this is why all the young guys must vote NO!!!

    • Wci8757

      because one of the qualifcations of being a union president is you have to lie.

  • Ld

    His house is in Sagaponack not Southampton

  • Nedwards185

    Ira , is that for  I R A ?

  • Jesse Taylor

    Awwww, a former lawyer sticking up for his sweet widdle moneybag. How cute.

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  • March 24, 2014

    • Last Thursday, I sent an email to the Mayor’s Office of Communications asking for some basic responsiveness: Please return our emailed queries and phone calls about stories. Please send us the same routine emails you send to other members of the media. Lately, more so than usual, they haven’t been. It’s a shame because, even [...]

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