Cleveland-Cliffs Reports Final Results of the Company-Wide COVID Vaccination Incentive Program
August 24 2021 - 5:41PM
Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) today announced the results of
its COVID-19 Vaccination Incentive Program.
In July, the Company launched a vaccine incentive program that
it developed in partnership with its labor unions, including the
United Steelworkers, the United Autoworkers, and the International
Association of Machinists. The intent of the Program was to protect
the workforce by providing employees with a positive incentive to
get vaccinated. Under the Program, the Company committed to pay an
employee at least $1,500 to receive a COVID-19 vaccine. For
employees at locations with a vaccination rate of 75%, then the
Company committed to pay an additional $1,500 to vaccinated
employees from that location, representing a total opportunity of
$3,000 per employee.
The Company achieved a total vaccination rate of 75%, or nearly
19,000 employees out of its workforce of approximately 25,000
employees. Also, 27 of the Company’s 43 locations achieved a
vaccination rate of at least 75%. When the program was launched in
July, the Company-wide vaccination rate was 35%, or only
approximately 9,000 employees. In the 45 days the Program was in
place, the vaccination rate more than doubled, achieving numbers
way ahead the vaccination rates of the local communities where the
facilities are located, and also significantly ahead of the
national vaccination rates.
Lourenco Goncalves, Chairman, President, and CEO said, “I am
delighted with the success of our vaccine incentive program. I
appreciate the support of our local managers and union partners in
making herd immunity a reality at the majority of our locations.”
Mr. Goncalves added: “I implore both my steel producing peers and
all other companies who have not already done so to implement
similar programs, in order to defeat this nasty virus in our
country once and for all.”
Other highlights include:
- Indiana Harbor, the Company’s largest facility and the largest
steel operation in the United States, achieved a vaccination rate
of 78%, compared to its location’s county rate of 43%.
- Middletown Works in Middletown, Ohio achieved a vaccination
rate of 75%, compared to its location’s county rate of 46%.
- United Taconite in Eveleth, MN achieved a vaccination rate of
75%, compared to its location’s county rate of 55%.
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 and
direct reduced iron to primary steelmaking and downstream
finishing, stamping, tooling, and tubing. The Company serves a
diverse range of markets due to its comprehensive offering of
flat-rolled steel products and is the largest supplier of steel to
the automotive industry in North America. Headquartered in
Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000
people across its mining, steel and downstream manufacturing
operations in the United States and Canada. For more information,
visit www.clevelandcliffs.com.
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MEDIA CONTACT: Patricia Persico Director, Corporate
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INVESTOR CONTACT: Paul Finan Vice President, Investor
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