Cliffs Natural Resources, Steelworkers sign pact — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Cliffs Natural Resources, Steelworkers sign pact

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in Employment Law,Human Resources

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.

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