Cleveland-Cliffs New 4-Year Labor Agreement Ratified by the IAM Represented Employees at Middletown Works
May 05 2023 - 1:42PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that
its employees represented by the International Association of
Machinists and Aerospace Workers (IAM) Local 1943 at its Middletown
Works steelmaking plant ratified a new 4-year labor agreement. The
new agreement is effective on May 15, 2023, and covers
approximately 2,100 hourly employees.
Lourenco Goncalves, Chairman, President and Chief Executive
Officer of Cleveland-Cliffs said, “We are pleased to have concluded
the process of negotiating and implementing a new labor agreement
at Middletown Works. The agreement just ratified by our union
represented employees is fair, equitable and beneficial for our
employees and for the company. Middletown Works is a very important
producer of automotive-grade steels, and one of the steel mills
Cleveland-Cliffs relies upon in order to continue to be - among all
steel companies in North America - the undisputed leader as a
supplier of steel to the automotive industry. We thank all the
members of the IAM and Cleveland-Cliffs negotiating teams for their
dedication to reach this agreement.”
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, direct
reduced iron, and ferrous scrap to primary steelmaking and
downstream finishing, stamping, tooling, and tubing.
Cleveland-Cliffs is the largest supplier of steel to the automotive
industry in North America and serves a diverse range of other
markets due to its comprehensive offering of flat-rolled steel
products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs
employs approximately 27,000 people across its operations in the
United States and Canada.
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