president and CEO of ArcelorMittal USA, released a statement on Tuesday
outlining the company’s most recent contract proposal to the United
That statement in
“On Friday, Oct.
19, ArcelorMittal USA presented a proposal to the United Steelworkers which
includes significant wage increases, a signing bonus, zero increase to
healthcare premiums, and substantial capital investment. Based on publicly
available information, we believe our offer is consistent with the pattern
established by other industry participants and the USW.
* A four-year
contract with annual base wage increases of 4 percent, 3.5 percent, 3.5
percent, and 3 percent each year respectively.
* Lump-sum payment
of $4,000 following ratification.
* No change to
* No healthcare
premiums for active employees and no premium increases for retirees.
* No increase to
deductibles, co-pay, or out-of-pocket maximum for active employees or
* More than $1,800
per year in additional contributions to the Steelworkers Pension Trust.
* A commitment to
the long-term competitiveness of our operations by investing a minimum of
$2.3 billion over the life of the contract.
“For a typical
labor grade three employee working 22 percent overtime (2017 average), this
proposal means the employee would earn an additional $14,000 in wages per
year by the fourth year of the contract.
“We remain focused
on securing a contract that protects our customers, operations, people and
communities for the long term, not just during current market conditions. We
will continue our commitment to negotiating in good faith with the union
until we reach an agreement.”