Investing
Cleveland-Cliffs, USW union reach tentative labor agreement
© Reuters. FILE PHOTO: A United Steelworkers sign is seen in front of the U.S. Steel Great Lakes Works plant in Ecorse, Michigan, U.S., September 24, 2019. Picture taken September 24, 2019. REUTERS/Rebecca Cook/File Photo
(Reuters) – U.S. steel producer Cleveland-Cliffs (NYSE:) Inc said on Tuesday it had reached a tentative agreement with the United Steelworkers (USW) union on a new 3-year labor agreement for its Northshore mining operations.
The agreement will cover about 430 workers at Cliff’s Northshore Mine in Minnesota and is pending ratification by USW’s local union membership, the steel producer said in a statement.
The company did not disclose additional details on the labor agreement pending ratification.
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