Cleveland-Cliffs Inc. announced today it has reached a new three-year labor agreement with the United Auto Workers for Coshocton Works, to become effective July 31, 2023. The agreement is tentative, pending ratification by UAW local union membership, and will cover approximately 330 UAW-represented workers.

Lourenco Goncalves, Chairman, President and CEO, stated, “We are pleased to reach a new labor agreement with the UAW for our employees at Coshocton Works. Coshocton is a leading producer of EAF flat-rolled stainless steel in the United States 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.” Mr. Goncalves added, “We thank both negotiating teams for their dedication to reach this agreement significantly ahead of the deadline. We look forward to continuing our strong partnership with the UAW.”

Due to the ratification process, no additional details will be released at this time.

Source:clevelandcliffs.com