U. S. Steel Reaches Tentative Agreement With United Steelworkers
October 15 2018 - 4:19PM
United States Steel Corporation (NYSE: X) today announced
that it reached a tentative agreement with the United Steelworkers
(USW) 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.
United States Steel Corporation, headquartered in Pittsburgh,
Pennsylvania, is a leading integrated steel producer and Fortune
250 company with major operations in the United States and Central
Europe. For more information about U. S. Steel,
please visit www.ussteel.com.
CONTACTS: |
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Meghan Cox |
Dan Lesnak |
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Investor Relations |
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T – (412) 433-6777 |
T – (412) 433-1184 |
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mmcox@uss.com |
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