This morning, we were informed by our Chief Negotiator and International Vice President, Dave McCall that ArcelorMittal USA is being acquired by Cleveland-Cliffs. This acquisition was unanimously approved by Cleveland-Cliffs and ArcelorMittal Boards. The deal is expected to close in the fourth quarter of this year subject to regulatory approvals and other customary closing conditions. This merger will allow Cleveland-Cliffs to produce 17 million tons of steel annually, making them the largest flat-rolled steel producer in North America.
Today is the first day of our new legacy as Cleveland-Cliffs. Our Basic Labor Agreement and associated agreements such as healthcare pensions etc., remain in force for active members and retirees.
We have been assured, other than the company name changing and new logos, we should continue to make high quality steel and deliver it on time to uphold our reputation as the most productive steel workers in the world.
As reliable information becomes available, we will share it as quickly as possible. Fortunately, our Leadership is familiar with Company acquisitions and will navigate through this transition as seamlessly as possible.
In Solidarity,
Pete Trinidad Sr.
USW Local 6787 President