Sign our petition if you want to see good manufacturing jobs stay in the United States; if you want fair trade laws; and if you want America to keep its promise that if you work hard, you can sustain a family and one day retire with dignity.
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 9/1/15 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 $381,216,346.93.
As a result, there was $28,591,226.02 in profit sharing generated for the pool. There were 6,274,317.86 eligible hours worked resulting in a profit sharing amount of $4.557 per hour with a maximum of 48 eligible hours per week.
On November 2nd, 2018 the USW reached a Tentative Agreement with ArcelorMittal.
I would like to thank the Executive Board members, Communications Action Team, and each and every one of you for all of your support, patience, and such a strong showing of solidarity and unity during the bargaining process.
Now that we have a tentative agreement, it is our job to explain that agreement to the membership.
After months of bargaining, our negotiating committee is pleased to report that we have reached tentative agreement with ArcelorMittal on contracts covering about 15,000 USW members of 13 local unions.
The proposed four-year agreement mirrors the industry standard on wages, lump-sum payments and pensions and maintains or improves our existing health insurance benefits for active and retired Steelworkers and their dependents.
Oct. 26: Issues Remain as Bargaining with ArcelorMittal Continues
Our committee has no doubt made progress toward new labor agreements with ArcelorMittal over the last few weeks, but we are not going let management force us into accepting anything less than what we have earned and deserve.
We remain at odds with the company over a number of outstanding issues; the most significant item still on the table is profit sharing.
In an effort to appear reasonable and fair in an update distributed to reporters and posted to the company’s website on Monday, Oct. 22, 2018, ArcelorMittal USA President and CEO John Brett summarized some of the economic terms in the company’s most recent contract proposal.
As always, “the devil is in the details,” and of course, Brett doesn’t want to talk about them. He also claims the offer meets the industry pattern, but what he really means is that AMUSA’s offer “cherry picks” the industry pattern.
