Cleveland-Cliffs and the United Auto Workers Reach New Labor Agreement for Coshocton Works
June 21 2023 - 7:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it has
reached a new three-year labor agreement with the United Auto
Workers (UAW) for Coshocton Works, to become effective July 31,
2023. The agreement is tentative, pending ratification by UAW local
union membership, and will cover approximately 330 UAW-represented
workers.
Lourenco Goncalves, Chairman, President and CEO, stated, “We are
pleased to reach a new labor agreement with the UAW for our
employees at Coshocton Works. Coshocton is a leading producer of
EAF flat-rolled stainless steel in the United States and a major
supplier of stainless steel to the North American automotive
industry. This agreement provides Cleveland-Cliffs a competitive
cost structure for future success, while maintaining and supporting
good paying middle class union jobs to our employees at Coshocton
Works.” Mr. Goncalves added, “We thank both negotiating teams for
their dedication to reach this agreement significantly ahead of the
deadline. We look forward to continuing our strong partnership with
the UAW.”
Due to the ratification process, no additional details will be
released at this time.
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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