Workers represented by The United Steel-Workers Union have agreed to a new three year contract with Cleveland-Cliffs. The contract will cover approximately 430 employees at the Cleveland-Cliffs Northshore facility. While the details of the new contract are not available as of this writing, Lourenco Goncalves, President and CEO of Cliffs stated “the United Steelworkers have demonstrated their unwavering support for Cleveland-Cliffs throughout the years and this new agreement for Northland further strengthens our collaborative partnership”.
Cleveland-Cliffs is the largest manufacturer of iron ore pellets in North America and is the largest supplier of steel to the automotive industry in the U.S. Overall, the company, headquartered in Cleveland Ohio, employs around 27,000 people at its facilities in the United States and Canada.
The company reported a net income of $356 million for the second quarter of 2023 following a reported $42 million loss from the previous quarter. Cliffs idled workers for almost one year in 2022 but resumed operations earlier this year.