Steel Mills

USW Unhappy With Insurance Proposal by US Steel
Written by Sandy Williams
August 6, 2015
Contract negotiations are continuing between US Steel and the United Steel Workers. The USW negotiation team was less than thrilled with the proposal received from management last week.
A USW update to members stated, “The USW negotiating team explained that the union would be flexible and willing to solve problems, but that the USW was not interested in large employee health care premiums or the dramatic deductibles and out-of-pocket maximums laid out in the company’s proposed Consumer Driven Health Care Plan (CDHP).”
US Steel is looking for cost savings in health and benefits that include increasing premiums, deductibles and out-of pocket expenses.
Medicare covered retirees would receive a credit of $1,150 to buy supplemental coverage, a proposal that the USW is “deeply skeptical of.”
The negotiating team submitted a counterproposal that includes:
• 3-month health insurance continuation for junior employees on layoff;
• Health care continuation for dependents of employees killed in workplace accidents;
• SUB benefit duration recharge for each subsequent layoff;
• SPT contribution for employees working 32 layoff minimization schedules; and
• Pension improvements.
The update from the USW said, “We also reminded the company that a good benefit package allows it to recruit and retain the kind of highly skilled and committed work force necessary to innovate and compete in the global marketplace.”
The current contract expiration date is September 1.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.