PITTSBURGH — The often-contentious recent battles between United States Steel Corp. and the United Steelworkers ended Tuesday with a tentative four-year labor agreement. Here’s what we know:
Who does the contract cover?
More than 11,000 employees of 13 union locals at U.S. Steel (NYSE: X), including its flat-rolled steel plants, iron ore mines and tubular steel facilities. That includes the three facilities in the Pittsburgh region that comprise the Mon Valley Works: Clairton Plant, the Edgar Thomson Plant and Irvin Plant.
Does the contract cover all U.S. Steel manufacturing employees?
No: The United Steelworkers’ contract doesn’t include some key U.S. Steel facilities, including at the Big River Steel plant it acquired in Arkansas.
How long does the deal go?
It’s a four-year agreement, like the most recent previous contracts. Union employees have been working under the previous agreement, which ended Aug. 31 but was temporarily extended.
How does the contract raise wages?
This was one of the major sticking points between the company and union, which wanted to use a recent deal with Cleveland Cliffs to receive the same type of raises. U.S. Steel had gradually upped its initial offer, which was below the overall 20% increase that Cleveland Cliffs had agreed to back in September. The U.S. Steel tentative agreement calls for a 21.5% compounded base wage increase, or 5% a year for the four years. In August, U.S. Steel had offered an overall 11% wage increase.
“Combined with our uncapped profit-sharing, this keeps you among the best paid workers in the industry,” according to U.S. Steel’s synopsis of the agreement.
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