U.S. Steel Reaches Tentative Agreement with United Steelworkers
Get Alerts X Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 0.4%
Revenue Growth %: -5.6%
Join SI Premium – FREE
PITTSBURGH, Dec. 19, 2015 /PRNewswire/ -- United States Steel Corporation (NYSE: X) today announced a tentative agreement with the United Steelworkers (USW) on a successor three-year collective bargaining agreement covering approximately 18,000 USW-represented employees at U. S. Steel's domestic flat-rolled and iron ore mining facilities as well as tubular operations in Fairfield, Ala., Lorain, Ohio and Lone Star, Texas. The tentative agreement remains subject to ratification.
"We are pleased that we have reached a tentative agreement in the best interest of our company, our stakeholders and our employees," said Mario Longhi, President and Chief Executive Officer. "We believe this competitive three-year contract further supports the mutual success we have had with the USW in pursuing our Carnegie Way efforts and confronting unfair trade that is significantly impacting our industry."
Details about the tentative agreement will be made available following the completion of the ratification process.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-steel-reaches-tentative-agreement-with-united-steelworkers-300195591.html
SOURCE United States Steel Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cleveland Cliffs CEO Lourenco Goncalves on US Steel-Nippon Deal: The Deal Will Fail - CNBC Interview
- Asante Announces Correction to Press Release
- Rubrik Announces Pricing of Upsized Initial Public Offering
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!