Arcelor reached provisional agreement with USW


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.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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