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Steelworkers, U.S. Steel, Reach Tentative Deal for 14% Raise

October 25, 2018

By Steve Wishnia and Neal Tepel

PITTSBURGH, Pa.—The United Steelworkers and U.S. Steel reached a tentative contract agreement Oct. 15 that would raise workers’ pay by 14% by 2021. The four-year pact would increase wages by 4% immediately, another 3.5% in 2019 and 2020, and 3% in 2021, Mark Lash, president of Local 1066 in Gary, Indiana, told the Chicago Tribune. Workers would also get a $4,000 signing bonus. “I can’t remember a negotiation where we came so close to a strike,” Lash said. “They wanted to change our pay system.” U.S. Steel had sought a seven-year contract in which workers would have had to pay for health insurance, which union officials said would have wiped out any wage increases given. The Steelworkers had accepted a wage freeze in the 2015 contract because of the industry’s financial troubles. “U.S. Steel began this process insisting upon deep concessions from a group of workers who had already made major sacrifices to help the company through a very difficult time,” USW International President Leo W. Gerard said in a statement. The proposed contract, he added, is “a testament to the power of solidarity.” The 16,000 members covered will vote on ratification over the next few weeks. Read more

October 25, 2018

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