SMU anticipates that with US Steel and the USW coming to a tentative agreement that it is only a matter of time before the ArcelorMittal negotiations will also come to a resolution, most likely very similar to the one negotiated at USS. The union has not yet voted on the USS package and, if there are concessions by the union, there is no guarantee that the union members will ratify the contract. We assume AM will be watching the USS developments very closely.
In the meantime, USW ArcelorMittal talks will break for the holidays and resume on January 4, 2016. In an update to the membership, workers were told “although we have made some progress and reached agreement on some issues, the major issues still remain unresolved.”
According to the USW, the solutions the union has offered to reduce production costs and labor costs have been ignored in favor of “concessions that far exceed their needs.”
Wrote the union in its message, “Our proposals would protect our benefits and save the company millions of dollars per year in administrative costs. We have also offered proposals that would save millions of dollars per year in operational costs, while protecting the jobs and earnings of our members.”
The union vowed to continue its fight against unfair trade and remain united against unfair and unnecessary concessions demanded by ArcelorMittal management.
The retirements of ArcelorMittal Americas CEO Lou Schorsch and Andy Harshaw, CEO ArcelorMittal USA, are not expected to impact contract negotiations.
The issues before the negotiating committee are listed below:
Sandy WilliamsRead more from Sandy Williams
Latest in Steel Mills
Biden admin scrutinizing Nippon Steel’s Chinese ops in USS deal: Report
Nippon Steel Corp.’s (NSC) operations in China are a potential security concern of the Biden administration, according to a Bloomberg report citing anonymous sources close to the matter.
Kestenbaum looking at multiple ways to grow Stelco
Alan Kestenbaum, the CEO of Stelco, said the company is actively evaluating ways to grow the company, including both organic and inorganic opportunities.
Nucor board OKs new rebar micro mill for Pacific Northwest
Nucor Corp. announced plans to build a new rebar micro mill in the Pacific Northwest.
BlueScope officially mulling addition of CR and coating capacity in US
Australia's BlueScope Steel has begun making plans to potentially add cold rolling and coating capabilities in the US.
USW, USS reveal little after Friday meeting
Leadership of the United Steelworkers (USW) and U.S. Steel met on Friday to discuss the steelmaker’s pending sale to Nippon Steel Corp. (NSC).