Steelworkers Win Record Settlement: Continental Can Co....
From Times Staff and Wire Reports
Steelworkers Win Record Settlement: Continental Can Co. has agreed to pay a $415 million to 3,000 steelworkers who contended it had secretly plotted to cheat them out of pensions by laying them off before they had 20 years of service. The settlement between Continental and the United Steelworkers of America ends an 8-year-old federal lawsuit brought by the union, a union source said. Under the agreement, scheduled to be announced in Washington today, both sides were operating under a gag order not to discuss the case publicly before midnight, the source said.
