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National Grid is jeopardizing the safety of our communities by locking out 1,100 of its most experienced employees who are critical to ensuring safe and quality gas work in Massachusetts.
The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).
There was an EBIT of (-115,000,000). There were 6,023,227 eligible hours worked resulting in a profit-sharing amount of $0.00 per hour with a maximum of 48 eligible hours per week.
Cleveland-Cliffs is currently conducting a dependent eligibility audit for Employees throughout the corporation.
It is important that you verify the eligibility of all of your covered dependents. Please be sure tosubmit the appropriate documents online or postmark them by September 6, 2024.
The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).
There was an adjusted EBITDA of 306,000,000. There were 6,112,508 eligible hours worked resulting in a profit-sharing amount of $0.51 per hour with a maximum of 48 eligible hours per week.
Adjusted EBITDA – Depreciation & Amortization x Profit-Sharing Percentage (6%) x USW Hours Ratio (60%) ÷ Eligible hours = Payout/hour.
The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).
There was an adjusted reported EBITDA of 395,000,000. There were 6,284,964 eligible hours worked resulting in a profit-sharing amount of $0.99 per hour with a maximum of 48 eligible hours per week.
Adjusted EBITDA – Depreciation & Amortization x Profit-Sharing Percentage (6%) x USW Hours Ratio (60%) ÷ Eligible hours = Payout/hour.
The 9/1/2022 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 6% of the Company’s profits, defined as Earnings Before Interest and Taxes (EBIT).
There was an adjusted reported EBITA of 265,000,000. There were 6,306,067 eligible hours worked resulting in a profit-sharing amount of $0.22 per hour with a maximum of 48 eligible hours per week.
Adjusted EBITDA – Depreciation & Amortization x Profit-Sharing Percentage (6%) x USW Hours Ratio (60%) ÷ Eligible hours = Payout/hour.
