U. S. Steel Announces Ratification of New Collective Bargaining Agreements by United Steelworkers
20 Dezember 2022 - 08:18PM
Business Wire
United States Steel Corporation (NYSE: X) today announced the
ratification of new successor four-year collective bargaining
agreements by the United Steelworkers (USW). These agreements cover
approximately 11,000 USW- represented employees at the company’s
domestic flat-rolled facilities, iron ore mining facilities and
applicable tubular operations.
“We are pleased to have reached these agreements with our
USW-represented employees,” said David B. Burritt, President and
Chief Executive Officer of U. S. Steel. “The new agreements balance
the needs of our employees, customers, stockholders, and other
stakeholders. We will continue to work together in implementing our
Best for All® strategy and transforming the future of steel through
strategic investments in innovation, sustainability, operational
excellence and the communities in which we operate.”
As part of the collective bargaining process, U. S. Steel and
the USW leveraged the overfunded Other Post-Employment Benefit
(OPEB) plans to support the benefits provided to employees. The
plans were modified to allow U. S. Steel to cover additional
legally permissible benefits previously paid by the
Corporation.
The new agreements are retroactive to Sept. 1, 2022 and will
continue through Sept. 1, 2026. Details about the new collective
bargaining agreements can be found at negotiations.uss.com.
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the Company’s
customer-centric Best for All® strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3™ advanced high-strength steel. The Company
also maintains competitively advantaged iron ore production and has
an annual raw steelmaking capability of 22.4 million net tons. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221219005814/en/
Amanda Malkowski Media Relations Manager Corporate
Communications C- (412) 736-2475 E – almalkowski@uss.com
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