PITTSBURGH, PA – United steelworkers overwhelmingly approved a four year contract with U.S. Steel, the union announced Tuesday.
The new agreement, which will take effect immediately, will cover about 14,000 USW-represented employees at all of the domestic flat-rolled and iron ore mining facilities.
President and Chief Executive Officer of U.S. Steel, David Burritt, says he believes the agreements are fair and in the best long-term interest of all of the company’s stakeholders.
“We were able to increase the company’s contributions to our retirement plans and ensure that health care remains affordable for our retirees,” the USW-USS Negotiating Committee said.
“Three years ago, we recognized that the industry was experiencing a downturn and agreed to make sacrifices to ensure that the industry could make it through the tough times. This time around, we knew that things were different. U.S. Steel, and the industry as a whole, were thriving again, and we would not settle for a concessionary agreement.”
According to U.S. Steel, the new agreements will continue through September 1st of 2022.
US Steel owns Keetac in Keewatin and Minntac in Mountain Iron.
United Steelworkers have also ratified a contract with Cleveland Cliffs and have struck a tentative agreement with ArcelorMittal.