[Ferro-Alloys.Com]The United Steel Workers has released a membership update about what the union is calling an inappropriate, unfair and outrageous effort to continue to pay a small number of employees through the end of the year.

RG filed a motion asking the bankruptcy court in Delaware for authority to implement a Key Employee Retention Plan, which would allow the company to pay USD 767,000 to 21 unidentified salaried employees if they stay through the end of 2012.

The money would allow a USD 2,000 monthly stipend for each individual for the employees to purchase health insurance along with a bonus payment that would be equivalent to three months salary. RG has stated these people perform essential functions relating to sales, accounting, treasury, information technology and administrative functions.

• [Editor:editer]