Cleveland-Cliffs reaches tentative labor pact with IAM for Middletown Works

Cleveland-Cliffs announced that it has reached a tentative agreement with the International Association of Machinists and Aerospace Workers IAM Local 1943 on a new 4-year agreement for its Middletown Works steelmaking operation. The contract will be effective on May 15, and will cover approximately 2,100 hourly employees. Lourenco Goncalves, Chairman, President and Chief Executive Officer of Cleveland-Cliffs said, "The new labor agreement with our valued IAM employees at Middletown represents another win-win for Cliffs and our union partners. We have a strong and loyal workforce as a result of these great relationships. Continued healthy partnerships like this one are the backbone of our future success, and we look forward to accomplishing our shared goals together." Middletown Works is an integrated steel operation with carbon steel melting, casting, hot and cold rolling, and finishing operations to produce a number of carbon and stainless steels for the automotive and other industries. The agreement is now pending ratification by IAM local union memberships.