Cliffs: The Vax Incentive Program Worked

Cleveland-Cliffs reported that its COVID vaccination incentive program worked. In July, the steelmaker launched a voluntary bonus program, in collaboration with its labor unions, to achieve a higher vaccine adoption rate across the business. The company says it reached a total vaccination rate of 75%, or nearly 19,000 employees out of its 25,000 workforce, by the Aug. 21 due date. 

Under the program, Cliffs agreed to pay an employee at least $1,500 to receive a COVID-19 vaccine. An additional $1,500 would be paid out to locations that reached a 75% vaccination threshold. The 45-day program was initiated at a time when the company’s vaccination rate was 35%, or roughly 9,000 employees.