CAPITAL EXPENDITURE DECISIONS. The parties agree that capital expenditure decisions have a significant impact on both the future viability of the Company and the employment security for bargaining unit employees. Accordingly, the Company agrees that prior to seeking approval by the U. S. Steel Canada, Inc. Board of Directors for its Annual Capital Expenditure Plan at Lake Erie Works, the Company shall provide a copy of the Plan to the Union. The Union and the Company, through the Senior Level Committee, shall have discussions on the Lake Erie Works Annual Capital Expenditure Plan with a view to obtaining Union support for such a Plan. Should the Union not agree with the Company on the Lake Erie Works Annual Expenditure Plan, it shall have an opportunity to communicate its views to the U. S. Steel Canada Inc. Board of Directors prior to the Board making any decision on the Lake Erie Works Annual Capital Expenditure Plan. Discussion and information related to Capital Expenditure Decisions is to remain confidential.
CAPITAL EXPENDITURE DECISIONS. The parties agree that capital expenditure decisions have a significant impact on both the future viability of the Company and the employment security for bargaining unit employees. Accordingly, the Company agrees that prior to seeking approval by the Stelco Board of Directors for its Annual Capital Expenditure Plan at Lake Erie Works, the Company shall provide a copy of the Plan to the Union. The Union and the Company, through the Senior Level Committee, shall have discussions on the Lake Erie Works Annual Capital Expenditure Plan with a view to obtaining Union support for such a Plan. Should the Union not agree with the Company on the Lake Erie Works Annual Expenditure Plan, it shall have an opportunity to communicate its views to the Stelco Board of Directors prior to the Board making any decision on the Lake Erie Works Annual Capital Expenditure Plan. Discussion and information related to Capital Expenditure Decisions is to remain confidential. ITEM 5
CAPITAL EXPENDITURE DECISIONS. The parties agree that capital expenditure decisions have a significant impact on both the future viability of the Company and the employment security for bargaining unit employees. Accordingly, the Company agrees that prior to seeking approval by the Bedrock Industries LLC Board of Directors for its Annual Capital Expenditure Plan at the Pickle Lines, the Company shall provide a copy of the Plan to the Union. The Union and the Company, through the Senior Level Committee, shall have discussions on the Pickle Lines Annual Capital Expenditure Plan with a view to obtaining Union support for such a Plan. Should the Union not agree with the Company on the Pickle Lines Annual Expenditure Plan, it shall have an opportunity to communicate its views to the Bedrock Industries LLC Board of Directors prior to the Board making any decision on the Pickle Lines Annual Capital Expenditure Plan. Discussion and information related to Capital Expenditure Decisions is to remain confidential from the Pickle Lines. LETTER OF UNDERSTANDING “Q”
CAPITAL EXPENDITURE DECISIONS. The parties agree that capital expenditure decisions have a significant impact on both the future viability of the Company and the employment security for bargaining unit employees. Accordingly, the Company agrees that prior to seeking approval by the Board of Directors for its Annual Capital Expenditure Plan at Lake Erie, the Company shall provide a copy of the Plan to the Union. The Union and the Company, through the Senior Level Committee, shall have discussions on the Annual Capital Expenditure Plan with a view to obtaining Union support for such a Plan. Should the Union not agree with the Company on the Annual Expenditure Plan, it shall have an opportunity to communicate its views to the Board of Directors prior to the Board making any decision on the Annual Capital Expenditure Plan. Discussion and information related to Capital Expenditure Decisions is to remain confidential.
