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Irving Bluestone: Weirton Steel Corporation Papers

 Collection
Identifier: LP000213_Weirton
Important subjects in the collection: Employee ownership/people's capitalism Independent Steelworkers Union Steel industry

Important correspondents in the collection: Herbert Elish Robert L. Loughhead

Dates

  • 1950 - 1993

Creator

Language of Materials

Material entirely in English.

Access

Collection is open for research.

Use

Refer to the Walter P. Reuther Library Rules for Use of Archival Materials. Restrictions: Researchers may encounter records of a sensitive nature – personnel files, case records and those involving investigations, legal and other private matters. Privacy laws and restrictions imposed by the Library prohibit the use of names and other personal information which might identify an individual, except with written permission from the Director and/or the donor.

Extent

2 Linear Feet (2 SB)

Abstract

Retired UAW Vice President Irving Bluestone served on Weirton Steel Corporation's Board of Directors from 1984 to 1990, during a time when the company was the largest in the United States operating under an Employee Stock Ownership Plan (ESOP). The papers in this collection were accumulated by Mr. Bluestone during his Board tenure.

History

Retired UAW Vice President Irving Bluestone served on Weirton Steel Corporation's Board of Directors from 1984 to 1990, during a time when the company was the largest in the United States operating under an Employee Stock Ownership Plan (ESOP). The papers in this collection were accumulated by Mr. Bluestone during his Board tenure.

Weirton Steel, located in the panhandle of West Virginia, was founded in 1909 and merged with two other steel companies in 1929 to form National Steel Corporation. By the 1960's it had become one of the world's most advanced producers of tin, but a decade later, as aluminum replaced tin in the beverage industry, the company faced tough economic times. To keep the mill operating, the Independent Steelworkers Union convinced its members to take substantial pay cuts and purchase the company. But even though the buyout brought a short-term return to profitability, over the next twenty years, global competition forced workers to sell most of their stake in the mill to fund plant modernization and reduce debt. In 2004 Weirton declared bankruptcy and was bought out by ISG, which was in turn taken over by Mittal Steel in 2005.

Arrangement

Folders are arranged alphabetically.

Acquisition

The papers of Irving Bluestone related to Weirton Steel Corporation were placed in the Archives of Labor and Urban Affairs between 1989 and 1995.

Transfers

A videotaped tribute to Mr. Bluestone's service on the Weirton Board has been placed in the Archives Audiovisual Collection.

Processing History

Processed and finding aid written by Walter P. Reuther Library in May 2006.
Title
Guide to the Irving Bluestone: Weirton Steel Corporation Papers
Status
completed
Author
Processed by Walter P. Reuther Library.
Date
2006-05
Description rules
Describing Archives: A Content Standard
Language of description
English

Repository Details

Part of the Walter P. Reuther Library Repository

Contact:
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Detroit MI 48202 USA