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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 29, 1983)
Page 6/The Battalion/Thursday, September 29,1983 Steel firm merger worries union brass United Press International CLEVELAND — A union official representing Republic Steel Corp. workers, said Wednesday that protecting his members’ jobs will be the top priority following Republic’s merger with Jones & Laughlin Corp. J&L, a wholly owned subsidi ary of the giant LTV Corp., ac quired Republic. Steel Workers union Local 1157 president A1 Forney, who represents 2,300 members, was apprehensive about LTV’s his tory of closing plants, which the company has said are not profit able. “Looking at the track record of LTV, it is not the best,” he said. “What I’m concerned with is that the jobs are still there and that’s what the union should do — make sure the jobs are there for the workers,” he said. Prior to the takeover, J&L was the nation’s third largest steelmaker behind U.S. Steel and Bethlehem Steel. Republic was fourth in capacity and seventh in production. Their combined production capacity is 24 million tons. The decision was announced by Raymond Hay, chairman of LTV, following a meeting at cor porate headquarters in down town Dallas. J&L, based in Pitt sburgh, became a wholly-owned subsidiary of LTV in 1979. Hay said the new entity will be called LTV Steel. The merger is subject to the approval of the Security Exchange Commission. Republic lost $239 million last year, the first loss in its 44-year history and blamed it on the sour economy. The company’s financial plight sparked rumors that the company would file for bank ruptcy, and Chairman E. Brad ley Jones last year issued a state ment to deny rumors that the company was going to bankrupt. The first two quarters have not gone well for the steelmaker, which reported a $80 million loss, but that was down from the 1982 first half loss of $104 mil lion. In July, a Republic stock pros pectus warned that the company may not be able to make di vidend payments and said the company has been notified by a major automotive customer that purchases of steel will be re duced significantly for the 1984 model year. On the positive side, Republic has continued to modernize a steel-making facility in Cleve land which opens the middle of next month. Republic makes flat-rolled steel, as well as pipes, bars and speciality products. Flat rolled steel is used for cars and durable goods. A merger of LTV and Lykes Corp. resulted in Youngstown Sheet and Tube being combined into J&L in 1978. Youngstown Sheet & Tube closed its Young stown plants about a year later, putting 4,000 steelworkers out of work. staff photo by Guy ChandlnHu ]ust a little bit off the sides, please. Doug Termel, a junior geology major from Houston, is apparently unaware that he is being considered for additional mulching material for the grass neat the Academic building. Termel was taking a quick catnap between classes Wednesday afternoon. Farmers disagree over policy Serving Luncheon Buffet Sandwich and Soup Bar Mezzanine Floor Sunday through Friday 11 a.m. to 1:30 p.m. ii United Press International DENVER — Growing dissi- •sjgt- Delicious Food Beautiful View & Open to the Public ^ “Quality First” vici&f' STUDENT SPECIAL RENT A VHS MOVIE RENT A VIDEO RECORDER MON.-THURS. MON.-THURS. $2.00 O V) $12.95 FRI.-SAT. -J < FRI.-SAT. $4.00 $19.95 (with student I.D.) (including two movies) Parkway Sq. Shopping Center 764-8750 Texas Ave. dence among members of the American Agriculture Move ment resulted from a dispute over philosophy, not goals, and eventually will strengthen the organization, a founder of that group said Wednesday. Alvin Jenkins said the dis- \ agreement will culminate in “a national convention meeting where there will be a few knock down, drag-outs and it’ll blow over and everybody will be back working together for the com mon goal.” Jenkins’ comments, made in a telephone interview, came in re sponse to remarks by AAM Na tional Secretary V.B. Morris. Morris, of Gruver, Texas, ex pressed concern that a vocal minority of AAM members in western Kansas had become too closely associated with militant groups such as the Posse Com- itatus and the Farmers’ Libera tion Army. “If a member goes there (to Posse or FLA meetings), it’s on his own,” Morris said. Jenkins denied published re ports that he advocates violence to accomplish AAM’s goals. “An interviewer asked me if I felt bloodshed is necessary, and I said I don’t know what’s neces sary and what isn’t,” he said. “I told him that if I personally was losing my farm, and if it took sweat, tears or bloodshed to save it, I would be willing to do all three. But I’m definitely not advocating bloodshed, and I don’t think very many AAM members are.” Jenkins said the dispute arose because a “great many” farmers nationwide have withdrawn support from efforts by AAM’s national headquarters in Washington, D.C., to economic and agricultural^ cies. “The national people goti on a kick of raising a lot money and donating it to» hers of Congress to try tow their votes on the FarmEa Jenkins said. “The average farmer, one, owes from dollars down.” Jenkins said, “FarmersJa like being asked togivemont' a congressman or senator») already is drawing $61 $70,000 a year." “They think it’s wron[ national office to ask them!' money to give to a manwhon elected to protect the farms the first place," he said “We don’t feel like west have to buy ourselves a Fa Bill,” he said. BACK TO THE COUNTRY i THE UNDERGROUND Sbisa Basement Breakfast Special 7:30—10:30 a.m. Monday, September 19 — Friday, September 23 DONUTS — 100 EACH OFFER GOOD TO THE LAST DONUT “The Best Food. The Lowest Price.” ! Police beat The following incidents were reported to the University Police Department through Wednesday: THEFT: •A red Raleigh 10-speed bi cycle from a Walton Hall ramp. INDEGENT EXPOSURE: •A student was walking to her car, parked in the day stu dent lot south of East Kyle Field, when a man in another cam posed his genitals to her, OTHER: •A person was arrested! driving while intoxicated carrying a weapon. ThepeS refused a breath test, but quested a blood test. Hn taken to St. Joseph Hospital! a blood test, which pc confirmed his intoxication! versity Police took him toBtii County Jail. THE COUNTRY LOOK... Tweeds, Herringbone and Muted Solid in Wool & Dacron Wool Blends. Tailored On A 2-Button Classic Styling With And Without Patches by RHAPSODY. 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