Cliffs Natural Resources and the United Steelworkers have ratified a 37-month labor agreement, retroactive to Sept. 1, 2012. The multinational company runs large iron mining operations in northern Minnesota.
The new contract will cover approximately 2,400 union-represented workers at Cliffs’ United Taconite and Hibbing Taconite mines in Minnesota, as well as two mines in Michigan’s Upper Peninsula.
The agreement provides a 4.5% wage increase with an additional bonus of $4,250 per employee. Health care benefits for current active workers, retirees and their surviving spouses are unchanged under the new contract.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/34090/cliffs-natural-resources-steelworkers-sign-pact "
Related Articles...
- South Bend contractor hit with max fine for fall-Protection error
- The danger of fumbling lawsuit paperwork: a case study
- Don't let diagnosis alone determine disability
- Is it risky to indemnify a candidate against violating a noncompete agreement?
- When essential duties are at issue, OK to base medical exam on FMLA certification
