Cleveland-Cliffs’ New 3-Year Labor Contract with United Auto Workers Ratified at Dearborn Works
August 05 2021 - 1:38PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that
its employees represented by the United Auto Workers (UAW) Local
600 have ratified a three-year labor contract for its Dearborn
Works operations. The new contract is retroactively effective from
August 1, 2021 through July 31, 2024, and will cover approximately
1,000 UAW-represented workers at Dearborn.
Lourenco Goncalves, Chairman, President and CEO, stated, “We are
extremely pleased to continue our commitment to good-paying middle
class union jobs with a new labor agreement at Dearborn. Our union
workforce is at the core of what we do at Cleveland-Cliffs, and
Cleveland-Cliffs is at the core of American manufacturing as a
whole. This is particularly relevant now, with the very real
challenges and opportunities related to a new green era in
steelmaking and in manufacturing. Dearborn is home of the most
modern galvanizing line in the country, built in 2011 to produce
the most advanced extra-wide automotive-grade exposed materials,
among several other high end specs. Our local team at Dearborn is
committed to the long-term health and success of our Company and
our country, and as such, we were able to get a deal done with the
UAW Local 600 that is fair and equitable for both sides.” Mr.
Goncalves added, “Differently from almost all other companies in
this country, we embrace our unions as partners, and work with them
as equals in pursuing our common goals. Our partnership is a
powerful one and, with this latest deal, we will maintain our
competitive cost structure in flat-rolled steel relative to any of
our peers, union or non-union.”
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in
North America. Founded in 1847 as a mine operator, Cliffs also is
the largest manufacturer of iron ore pellets in North America. The
Company is vertically integrated from mined raw materials and
direct reduced iron to primary steelmaking and downstream
finishing, stamping, tooling, and tubing. The Company serves a
diverse range of markets due to its comprehensive offering of
flat-rolled steel products and is the largest supplier of steel to
the automotive industry in North America. Headquartered in
Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000
people across its mining, steel and downstream manufacturing
operations in the United States and Canada. For more information,
visit www.clevelandcliffs.com.
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