PITTSBURGH, Aug. 12 /PRNewswire-FirstCall/ -- United States Steel
Corporation (NYSE: X) today announced a tentative agreement with the United
Steelworkers (USW) on a new four-year labor contract that will cover
approximately 16,000 USW-represented employees at U. S. Steel's domestic
flat- rolled and iron ore mining facilities as well as tubular operations
in Lorain, Ohio, and Fairfield, Ala. The tentative agreement will replace
the contract expiring Sept. 1, 2008, and remains subject to ratification by
the United Steelworkers.
Commenting on the announcement, U. S. Steel Chairman and Chief
Executive Officer John P. Surma said, "We are pleased to have reached a
tentative agreement with the United Steelworkers on a competitive four-year
contract well in advance of the expiration of our current contract. We
value our ongoing relationship with the USW and appreciate the
contributions that our employees make to the success of our business. We
believe that this agreement is in the best interests of our company and all
of our stakeholders."
Details about the tentative agreement will be made available after the
ratification process is complete.
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