Arcelor Mittal, United Steel Workers Union Reach Tentative Agreement
A tentative deal has been reached between the United Steel Workers Union and ArcelorMittal.
The agreement comes eight months after the union’s contract with the company expired.
According to the U.S. Steel Workers Union, the new agreement “preserves our economic security and other contractual protections” and will expire September 1, 2018, if ratified.
In a statement released the Wednesday, the union said the following:
“Recognizing the challenges facing our industry – mainly the result of historic levels of unfairly traded imports and a depressed market for our products – we committed very early in this process to address the company’s needs while protecting future generations and without burdening current or future retirees with unnecessary expenses.”
The union plans to schedule meetings, provide details and produce a summary for the membership to review in the near future.