Market Segment
June 21, 2023
Cliffs, UAW Reach Tentative Pact at Coshocton Works
Cleveland-Cliffs said Wednesday it has reached a new, three-year labor agreement with the United Auto Workers (UAW) union at its Coshocton Works in Ohio. The deal is slated to take effect July 31.
The Cleveland-based steelmaker said the agreement is tentative, pending ratification by UAW local union membership, with ~330 UAW-represented workers covered.
“We are pleased to reach a new labor agreement with the UAW for our employees at Coshocton Works,” Lourenco Goncalves, Cliffs’ chairman, president, and CEO, said in a statement.
He said that Coshocton is a leading producer of electric-arc furnace (EAF) flat-rolled stainless steel in the US, and a major supplier of stainless steel to the North American automotive industry.
“This agreement provides Cleveland-Cliffs a competitive cost structure for future success, while maintaining and supporting good-paying, middle class union jobs to our employees at Coshocton Works,” Goncalves added.
No additional details will be released at pending the ratification process, the company said.
An SMU email to UAW for comment was not immediately returned by time of publication.
Coshocton Works produces various flat-rolled stainless steels for the automotive, appliance, distribution, and medical markets, according to Cliff’s website.
By Ethan Bernard, ethan@steelmarketupdate.com
