Cleveland-Cliffs New Labor Agreement with IAM Members Ratified for its Middletown Works
March 19 2020 - 7:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) reported today that its
employees represented by the International Association of
Machinists and Aerospace Workers (IAM) Local 1943 have ratified a
three-year labor agreement at the Company’s AK Steel facility in
Middletown, Ohio. The contract was ratified in voting held on March
18, 2020. The new agreement covers approximately 1,825 hourly
employees and will be effective until May 15, 2023.
Lourenco Goncalves, Chairman, President and Chief Executive
Officer of Cleveland-Cliffs said: “We are pleased to have reached
an agreement at our AK Steel Middletown Works. The new agreement
provides a competitive labor contract that advances the interests
of our employees and the company.”
Middletown Works is an integrated steel operation with carbon
steel melting, casting, hot and cold rolling, and finishing
operations to produce a number of carbon and stainless steels for
the automotive and other industries.
About Cleveland-Cliffs Inc.
Founded in 1847, Cleveland-Cliffs is among the largest
vertically integrated producers of differentiated iron ore and
steel in North America. With an emphasis on non-commoditized
products, Cliffs is uniquely positioned to supply both customized
iron ore pellets and sophisticated steel solutions to a
quality-focused customer base, with an industry-leading market
share in the automotive industry. In 2020, Cliffs also expects to
be the sole producer of hot briquetted iron (HBI) in the Great
Lakes region. A commitment to environmental sustainability is core
to our business operations and extends to how we partner with
stakeholders across our communities and the steel value chain.
Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs
approximately 12,000 people across mining and steel manufacturing
operations in the United States, Canada and Mexico. For more
information, visit http://www.clevelandcliffs.com
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