U.S. Steel Being Sued By Department Of Labor

Shares of United States Steel Corporation X were trading lower by around 6 percent on Tuesday following a sector-wide downgrade by analysts at Cowen.

Investors and traders were also reacting to news reports that the company is being sued by the U.S. Department of Labor.

According to the Pittsburgh Post-Gazette, the Department of Labor is suing U.S. Steel for allegedly punishing two workers who failed to report a workplace injury because they were not aware at the time they were hurt.

One of the injured workers hit his head on a beam while wearing a hard hat but didn't feel any immediate pain or discomfort. The employee was suspended for five days without pay for not reporting the injury at the time of the incident as his symptoms only developed four days later.

The second injured employee removed a splinter from his thumb and went on to complete his normal work load without any signs of pain or discomfort. The employee went to a doctor two days later as his thumb was swollen and then reported his injury to the company. He was also suspended for five days without pay, but the penalty was reduced to two days without pay.

The Department of Labor is claiming that U.S. Steel's policy of requiring workers to report injuries immediately is unreasonable as workers may not be initially aware they are hurt and symptoms can present itself days later.

The Department of Labor also noted that U.S. Steel's policy discourages workers from reporting injuries at a later date.

Posted In: NewsLegalMoversCowenDepartment of LaborSteelUS Steel
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