Corporate raider and former savings and loan (S&L) tycoon acquired both Kaiser Aluminum and Pacific Lumber Company in the 1980s using junk bond financing. To help pay off these junk bonds, Hurwitz sold or closed half of Kaiser's plants. He then demanded wage and benefit concessions, job cuts, and contracting out for union work. Hurwitz's demands left the 3,000 United Steelworkers members with no choice other than to go on strike in September of 1998. Increasing his anti-labor, pro-greed stance, Hurwitz hired "scab" replacement workers and then locked-out the Steelworkers on January 14, 1999. The lockout (which is one of the longest and largest in US labor history) continues to this day.