Bernie Sanders is informed by Warren Buffett that he will not interfere in the strike at a Berkshire-owned company.

• Warren Buffett, CEO of Berkshire Hathaway, informed Sen. Bernie Sanders that he would not participate in a strike at Special Metals, a company owned by Berkshire subsidiary Precision Castparts.
• Sanders requested the billionaire businessman to "intervene" on behalf of the 450 striking steelworkers, who are at risk of pay cuts and higher healthcare costs.
• Berkshire allows its owned companies to manage labor and personnel decisions, as cited by Buffett.

Warren Buffett stated that he would not interfere in a steelworkers strike at a company owned by his firm, as he informed Sen. Bernie Sanders this week.

On Tuesday, Sanders wrote to Buffett and requested his involvement in negotiations between United Steelworkers Local 40 and Special Metals, which is owned by Precision Castparts, a subsidiary of Buffett's conglomerate.

Buffett stated in a letter released on Thursday that he would not intervene in the labor negotiations, citing Berkshire's policy of allowing its companies to make their own labor and personnel decisions.

Buffett wrote that he was forwarding your letter to the CEO of Precision Castparts without making any recommendations regarding any actions. He stated that the CEO is accountable for his business.

On October 1st, approximately 450 Special Metals workers in Huntington, W.V. went on strike. One of the main concerns in the contract negotiations is healthcare, as the union is trying to prevent paying more for a higher deductible insurance plan, according to Chad Thompson, President of United Steelworkers Local 40.

Thompson stated that Sanders' office contacted him to offer assistance to the striking workers. He conversed with the senator over the phone. Additionally, he expressed gratitude for Sanders' support and believed the heightened focus would aid in the negotiations' progress.

Thompson was disappointed that negotiations did not result in a deal by Christmas. He stated that the talks will resume next week, almost four months after the strike began.

He thanked the Huntington community and local unions for their support during the strike, stating that they were doing everything possible to return to work.

David Dugan, spokesman for Precision Castparts, stated that the company is actively involved in negotiations with Huntington workers. He emphasized that the company will continue to bargain in good faith and work through the process to reach a fair agreement.

Sanders requested Buffett to intervene in the negotiations to ensure that the workers are treated fairly and receive a just contract for their hard work and sacrifices.

When this company and Berkshire Hathaway are both thriving, there is no reason for your employees to worry about their children's nutrition or healthcare. The standard of living of your hardworking Americans should not decline. I am confident that you and Berkshire Hathaway can achieve even greater success.

In recent years, Sanders, a labor advocate, has supported various strikes and union drives. This month, he joined forces with striking workers in Michigan.

Unlike his peers such as Jeff Bezos and Elon Musk, Buffett, one of the 10 wealthiest people in the U.S., has not been as frequently criticized by Sanders.

In his letter to Buffett, Sanders pointed out that Berkshire CEO has "eloquently spoken" about the country's growing income and wealth inequality crisis.