Steel concern ArcelorMittal and the United States union United Steelworkers (USW) have reached a provisional agreement on a new collective agreement for 15,000 employees in the United States. The agreement comes after months of negotiations and increasing threats of a strike by the trade union in recent weeks.
The previous collective labor agreement expired on 1 September.
“The proposed four-year agreement reflects the industry standard on wages, lump sum payments and pensions and maintains or improves our existing health insurance benefits for active and retired steelworkers and their family members,” said USW in a statement.
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