Steelworkers and ArcelorMittal Reach Tentative Agreement

Updated: November 02, 2018 06:32 PM

On Friday afternoon, the news the final group of steelworkers on the Range have been waiting for. There is a tentative agreement between the USW and ArcelorMittal. If ratified, it will cover Minorca Mine in Virginia.

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According to the USW update, the proposed four-year agreement mirrors the industry standard on wages, lump-sum payments and pensions and maintains or improves the existing health insurance benefits.

ArcelorMittal was the final company without an agreement. U.S. Steel and Cleveland-Cliffs reached theirs already. Cliffs has had theirs ratified, U.S. Steel is waiting for ballots to be mailed in by members.

The ArcelorMittal bargaining committee is preparing a detailed contract summary. Look for meetings to review the agreements at your locals.

 And the update had this statement, "We are proud of our membership for standing together in unity to demand fairness and justice, and our collective dedication, patience and persistence have been rewarded." 

ArcelorMittal also posted an update. It said that they have an agreement with the USW to continue operations under the terms of the current agreement until the ratification process concludes. That process could take about 30 days.

"We are pleased to have a new, tentative agreement with our partners at the USW and believe we have reached a fair and positive outcome for all parties involved without disruption to our business operations," said John Brett, president and CEO of ArcelorMittal USA. "We are unable to comment on specific details out of respect for the ratification process. We extend our appreciation to our employees, customers and the community for their patience and commitment during the negotiation process."

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