Cleveland-Cliffs and the United Steelworkers Reach Tentative Agreement on New Labor Contract for Mansfield Works
April 12 2021 - 7:00AM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today a
tentative agreement with the United Steelworkers (USW) for a new
53-month labor contract that is effective as of April 1, 2021. The
new contract will cover approximately 300 USW-represented
workers.
Lourenco Goncalves, Chairman, President and CEO, stated, “We are
pleased to reach a new labor contract with the USW for our
employees at Mansfield Works, one of our several EAF steel mills.
As we have done in previous Union contract negotiations, once again
the Cliffs’ team was able to expeditiously get to a deal that is
fair and equitable to both parties.” Mr. Goncalves added,
“Cleveland-Cliffs sees the USW as a very important partner with a
lot more in common with our Company than disagreements, and that’s
why we can get deals done fairly quickly while others often
struggle to find common ground with the Union. This agreement
provides Cleveland-Cliffs a competitive cost structure for future
success, and we look forward to continuing our strong partnership
with the USW, providing good paying middle class union jobs to our
employees.”
The agreement is pending ratification by USW local union
memberships. No additional details will be released at this time
pending ratification.
About Cleveland-Cliffs Inc. Cleveland-Cliffs is the
largest flat-rolled steel producer in North America. Founded in
1847 as a mine operator, we are also the largest producer of iron
ore pellets in North America. In 2020, we acquired two major
steelmakers, AK Steel and ArcelorMittal USA, vertically integrating
our legacy iron ore business with quality-focused steel production
and emphasis on the automotive end market. Our fully integrated
portfolio includes custom-made pellets and hot briquetted iron
(HBI); flat-rolled carbon steel, stainless, electrical, plate,
tinplate and long steel products; as well as carbon and stainless
steel tubing, hot and cold stamping and tooling. Headquartered in
Cleveland, Ohio, we employ approximately 25,000 people across our
mining, steel and downstream manufacturing operations in the United
States and Canada.
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