May 11, 2016
 
ArcelorMittal, USW Reach Tentative Deal

Nearly a year after bargaining began, ArcelorMittal has reached a tentative labor agreement with the United Steelworkers that would cover more than 10,000 ArcelorMittal employees in the United States. Terms of the deal, which is still subject to approval by union members, were not announced. If ratified, the new contract would run through Sept. 1, 2018. The previous contract between the steelmaker and the union expired on Sept. 1, 2015, but employees continued to work without a contract for the past eight months.

“Recognizing the challenges facing our industry—mainly the result of historic levels of unfairly traded imports and a depressed market for our products—we committed very early in this process to address the company’s needs while protecting future generations and without burdening current or future retirees with unnecessary expenses,” a release from the USW said.

Labor negotiations in the steel industry have been particularly contentious. ArcelorMittal was one of three domestic steelmakers that saw previous contracts expire without a new deal. U.S. Steel Corp., whose agreement with the USW expired at the same time as ArcelorMittal’s, reached a new agreement at the end of 2015. Allegheny Technologies locked out union members until March, when the two sides finally settled on a new pact.


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Tuesday, December 12, 2017