United States Steel Corp. today announced that it reached a tentative agreement with the United Steelworkers on successor four-year collective bargaining agreements covering approximately 14,000 USW-represented employees at all of the company’s domestic flat-rolled and iron ore mining facilities as well as tubular operations in Fairfield, Ala., Lorain, Ohio, and Lone Star, Texas.
The tentative agreements remain subject to ratification.
“We are pleased to have reached a tentative agreement with the USW we believe is fair and in the best long-term interests of our employees and their families, as well as U.S. Steel’s customers, stockholders and other stakeholders,” said David B. Burritt, president and chief executive officer of U. S. Steel. “Together, we’ve agreed on terms that will create certainty and stability for our many stakeholders, enable our company to implement our long-term business strategy, which includes continued, responsible investments in our people and plants, and position U.S. Steel to remain a leader in the highly competitive global steel industry.”
Details about the tentative agreement will be made available following the completion of the ratification process.
U.S. Steel’s last proposal, dubbed No. 8 and dated Sept. 18, called for a six-year agreement with wage increases in each year of the contract. In addition, a ratification bonus was to be paid within 30 days of ratification to bargaining unit employees accruing pension service as of Sept. 1, 2018.