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 108,791,931.33.
As a result, the Q3 2022 profit-sharing pool is $7,729,394.85.
There were 6,332,585.75 eligible hours worked resulting in a profit-sharing amount of $1.221 per hour with a maximum of 48 eligible hours per week.
$1.221 x 520 hours = $634.92
$1.221 x 624 hours = $761.90
In Solidarity,
Pete Trinidad Sr.
USW Local 6787
President