ArcelorMittal reaches tentative agreement with workers

ArcelorMittal reaches tentative agreement with workers

ArcelorMittal has reached a tentative agreement with the United Steelworkers (USW) on a new, three-year labor contract covering nearly 14,000 USW-represented employees at 15 of ArcelorMittal USA's flat carbon, long carbon and iron ore mining locations, including Cleveland.

The tentative agreement will replace the existing contract that was originally set to expire on September 1, 2012 and remains subject to ratification by the USW membership.

"We are pleased to have a new, tentative agreement with the USW and to have reached a fair and equitable outcome without disruption to our business operations," said Michael Rippey, President and CEO of ArcelorMittal USA. "We extend our appreciation to our employees, customers and the community for their patience and support during the negotiation process."

Workers had an informational picket Wednesday after failed contract negotiations.

Updates from ArcelorMittal will be posted here.

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