REGIONAL – U.S. Steel announced that it has reached a tentative agreement with the United Steelworkers on a new four-year contract covering approximately 11,000 USW-represented employees, including workers at the Minntac plant in Mt. Iron.
The agreement, which remains to be ratified, covers union employees at the company’s domestic flat-rolled facilities, iron ore mining facilities and applicable tubular operations.
“We are pleased to have reached a tentative agreement with the USW that supports our unionized workforce while balancing the interests of all our stakeholders towards our ‘Best for All’ future,” said David B. Burritt, President and Chief Executive Officer of U.S. Steel. “Strong base wage increases and benefit enhancements to support our employees’ wellbeing are key parts of this tentative agreement because we know their hard work is essential to delivering sustainable steel solutions for people and planet and enhancing our customer satisfaction. We leveraged our strong balance sheet to reward union employees with a bonus and strong base wages. We also leveraged our overfunded pension and OPEB plans to support the benefits provided to our employees.”
Details about the tentative agreement can be found at negotiations.uss.com.