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United Steelworkers agree to stay on the job without new contract

Steel News - Published on Mon, 03 Sep 2018

Image Source: usw.org
Chicago Tribune reported that United Steelworkers have agreed to extend their current contract with ArcelorMittal for a short period of time, even though union negotiators expressed frustration with management's latest proposal, one they said would cost the average hourly worker about USD 2,265 per year. The current contract was set to expire September 1. ArcelorMittal has mills in East Chicago and Burns Harbor.

According to the USW, the global steelmaker's latest proposal is for a 3 year contract that would include a 2 percent pay raise in the first year and 1 1/2 percent raises in the next two years, along with a signing bonus worth about USD 1,980 after taxes. However, the union added, the proposal also calls for concessions that would cost the average hourly employee about USD 4,629 a year, resulting in a economic impact of a negative USD 2,265 a year per employee, or USD 6,795 over the term of the proposed contract.

The union added that these concessions do not include all the company's demands. It stated that "Our negotiating team has been patient in the face of ArelorMittal's attempts to frustrate us. We have sought out common ground where management only seeks to divide. We have provided reasonable alternative to the company's unreasonable demands.”

The USW said despite the fact that there's been little progress since negotiations began on July 9, it would extend the current contract for a short period of time, while negotiations continue, subject to a 48-hour notice if either party intends to terminate.

Source :

Posted By : Ratan Singh on Mon, 03 Sep 2018
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