U.S. Steel and the union representing more than 11,000 of its employees, including those at the Mon Valley Works, have reached a tentative agreement on a new four-year contract.
The tentative agreement includes a 5% base wage increase each year for four years, a $4,000 bonus payable upon ratification, increased contributions to pensions and uncapped profit-sharing, according to the Pittsburgh-based steelmaker.Current health care options will be maintained under the deal, which also covers about 3,800 employees at Gary Works in Indiana, the company’s largest manufacturing plant, and its other Midwest facilities, according to the company.
“Simply put, these essential workers have earned and deserve a fair contract at U.S. Steel,” Millsap said in a statement issued by the union. “The proposed agreement provides important economic and contract language improvements that will improve working conditions along with the standard of living for USW members and their families.”
The tentative agreement announced this week covers USW-represented employees at the company’s domestic flat-rolled facilities, iron ore mining facilities and applicable tubular operations.
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