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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).
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 (-340,000,000). There were 6,040,820 eligible hours worked resulting in a profit-sharing amount of $0.00 per hour with a maximum of 48 eligible hours per week.
In Solidarity, Pete Trinidad Sr., President USW Local 6787
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.
For the sake of those we have lost, on Workers’ Memorial Day and every day, we will embrace the spirit of Mother Jones and “Mourn for the dead” and “Fight like Hell for the living.”
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.
