Market Segment
May 5, 2023
Cliffs' Middletown Workers Ratify Four-Year Labor Deal
Cleveland-Cliffs said Friday its employees represented by the International Association of Machinists and Aerospace Workers (IAM) Local 1943 at its Middletown Works in Ohio have ratified a new four-year labor agreement.
The Cleveland-based steelmaker said the agreement is effective on May 15, and covers approximately 2,100 hourly employees.
A tentative labor deal was reached in late April.
“We are pleased to have concluded the process of negotiating and implementing a new labor agreement at Middletown Works,” Lourenco Goncalves, Cliffs’ chairman, president, and CEO, said in a statement.
He noted that Middletown Works is an important producer of automotive-grade steels. Also, it’s one of the mills Cliffs relies on in order to remain among North American steel companies “the undisputed leader as a supplier of steel to the automotive industry.”
The integrated Middletown steelworks produces carbon and stainless steels and has an annual capacity of 3 million tons.
By Ethan Bernard, ethan@steelmarketupdate.com
