Letter: Unfair Bonuses For Execs of Former Sparrows Point Owner
After some steelworkers were denied their retirement bonus, RG Steel is petitioning a court to allow it to pay $767,000 in bonuses to 21 employees.
After RG Steel Co. laid off 2,000 workers, then filed for bankruptcy protection, they now want to reward 21 of the company's remaining employees with $767,000 in bonuses and health insurance. This will come about if the U.S. Bankruptcy Court in Wilmington, DE agrees.
It's unbelievable that this kind of thing is happening and not one politician in our great state of Maryland has stepped up to the plate and said enough is enough and put a stop to this company jumping behind bankruptcy protection and rewarding their chosen ones!
LeRoy R McClelland, Sr