The 9/1/18 United Steelworkers Basic Labor Agreement (BLA) provides for a profit-sharing pool of 7.5% of the company’s profits, defined as Earnings Before Interest and Taxes (EBIT).  The company reported an unaudited Adjusted EBIT of $443,800,599.42. 

PEP payments since 9/1/12 are $31,550,000. This is in excess of the $26,500,000 pre-existing pool which was funded by the 2012 Basic Labor Agreement by $5,050,000. $4,430,000 was deducted from the profit sharing generated in Q1 2021, the balance of $620,000 will be deducted from the profit-sharing generated in Q2 2021. As a result, the profit-sharing pool after the PEP deduction is $32,665,044.96.

There were 5,690,929.69 eligible hours worked resulting in a profit-sharing amount of $5.740 per hour with a maximum of 48 eligible hours per week.

$5.740 x 520 hours = $2,984.80
$5.740 x 624 hours = $3,581.76

In Solidarity, 
Pete Trinidad Sr. 
USW Local 6787
President