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U. S. Steel Reaches Tentative Agreement with United Steelworkers on New Labor Contract

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Earth Bound Misfit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-13-08 12:53 AM
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U. S. Steel Reaches Tentative Agreement with United Steelworkers on New Labor Contract
PITTSBURGH, Aug. 12 /PRNewswire-FirstCall/ -- United States Steel
Corporation (NYSE: X) today announced a tentative agreement with the United
Steelworkers (USW) on a new four-year labor contract that will cover
approximately 16,000 USW-represented employees at U. S. Steel's domestic
flat- rolled and iron ore mining facilities as well as tubular operations
in Lorain, Ohio, and Fairfield, Ala. The tentative agreement will replace
the contract expiring Sept. 1, 2008, and remains subject to ratification by
the United Steelworkers.

Commenting on the announcement, U. S. Steel Chairman and Chief
Executive Officer John P. Surma said, "We are pleased to have reached a
tentative agreement with the United Steelworkers on a competitive four-year
contract well in advance of the expiration of our current contract. We
value our ongoing relationship with the USW and appreciate the
contributions that our employees make to the success of our business. We
believe that this agreement is in the best interests of our company and all
of our stakeholders."

Details about the tentative agreement will be made available after the
ratification process is complete.

http://uss.mediaroom.com/index.php?s=43&item=537
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Earth Bound Misfit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-13-08 07:56 AM
Response to Original message
1. Steelworkers Increase Wages, Improve Pensions and Benefits in 4-year Agreement with U.S. Steel
PITTSBURGH, Aug. 12 /PRNewswire-USNewswire/ -- The United Steelworkers
(USW) announced today that a tentative new 4-year agreement has been
reached with U.S. Steel that provides very significant wage, substantial
bonus and pension increases and improves benefit programs for active
employees and retirees as well as reduces health care premiums for
retirees.

"We've gone through some tough times in the steel industry during the
last 20 years," said USW International President Leo Gerard. "Our union was
instrumental in restructuring the industry and this new contract rewards
our members for their hard work, improves the living standards of our
retirees and the capital investments that will be made in our mills
protects our communities far into the future. This contract is the new
standard in the industry."


--snip--

In addition to economic issues, many issues involving local working
conditions were resolved, including the outsourcing of work that will
return to the jurisdiction of USW members.

"This is an historic agreement," said USW International Vice President
Tom Conway, who served as the union's chief negotiator. "There are only
improvements. No steps back. Our members have worked very hard and deserve
everything that we've gained in this round of bargaining. Our union is
proud of what we've accomplished."


The local union presidents have approved the tentative agreement and it
will be sent to the rank and file union members for ratification.

--snip--

The current agreement expires September 1, covering some 16,000 USW
members employed at Granite City, Ill.; Gary, East Chicago, Portage, Ind.;
Ecorse, Mich.; Braddock, Clairton, West Mifflin and Fairless Hills, Pa.;
Fairfield, Ala.; Lorain, Ohio; Keewatin and Mt. Iron, Minn.; and Lone Star,
Texas.

http://www.prnewswire.com/publicinterest/
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