Cleveland-Cliffs Reaches Tentative Labor Agreement with United Steelworkers for its Mining and Pelletizing Operations
CLEVELAND–(BUSINESS WIRE)– Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 47-month labor contract for its legacy Mining and Pelletizing operations. The contract will be effective on October 1, 2022, and will cover approximately 2,000 USW-represented employees at its Mining and Pelletizing locations in Northern Minnesota and in the Michigan Upper Peninsula.
With the successful conclusion of the second and final portion of this negotiation with the USW, the Company has now reached two tentative multi-year labor agreements covering approximately 14,000 USW-represented employees, more than half of its total workforce.
Lourenco Goncalves, Chairman, President and CEO said: “Reaching a second labor agreement in less than two weeks reaffirms our great alliance with the USW. It also confirms one more time that we know very well our responsibilities as the supplier of choice to clients in critical sectors, such as military and automotive. We have now demonstrated twice why Cleveland-Cliffs gets things done and how we act: we negotiate respectfully, fairly and privately. A strong workforce is critical to our present and future competitiveness, and we look forward to continuing our shared success with our USW partners.”
Each agreement is now pending ratification by USW local union memberships. No further details will be provided by the Company prior to ratification.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 27,000 people across its operations in the United States and Canada.
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Senior Director, Corporate Communications
Manager, Investor Relations
Source: Cleveland-Cliffs Inc.
Released September 9, 2022