Steel Mills
USW Makes Proposals to ArcelorMittal
Written by Sandy Williams
February 7, 2016
Contract negotiations continue at ArcelorMittal without any progress reported. In the latest update to union members, the USW said it had made proposals in late January to the company that would “save the company millions of dollars in liability and legacy costs over the course of the contract.”
The USW says it has addressed the “competitive disadvantage” that management has expressed concerns about, without making unnecessary changes to active or retiree health care coverage.
“In addition, rather than accepting the company’s proposals that would only lower the standards of living for tens of thousands of USW members, retirees and our families, our committee has proposed innovative changes to the structure and administration of the existing benefits plans,” wrote the USW in its update. “We will continue to strive for a fair and equitable contract and remain committed to our members and our retirees.
ArcelorMittal reportedly has not yet responded to the USW proposal.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
USS confirms split CFIUS decision on Nippon deal; it’s now up to Biden
Nippon Steel's purchase of U.S. Steel could lead to lower steel output domestically, and that presents “a national security risk," the Washington Post reported.
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.