NYSE-listed Cleveland-Cliffs and labour union United Steelworkers (USW) have announced a joint tentative agreement for a new four-year labour contract, effective from October 1.
The new contract will cover about 1 800 USW-represented workers at Cliffs’ Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota.
“This agreement once again reinforces that we have more in common with the USW than we have differences, and we look forward to continuing our strong partnership,” Cleveland-Cliffs chairperson, president and CEO Lourenco Goncalves said.
Cleveland Cliffs is a fundamental part of the steel industry, USW international president Leo Gerard commented, adding that the company “bargained seriously to reach a fair agreement”.
The agreement is pending ratification by USW local union memberships.