The United Steelworkers, USW, said that the union has reached tentative agreement on a new, three year contract with ArcelorMittal USA on behalf of nearly 14,000 workers at 15 of the company’s U.S. locations. “After ten long weeks of difficult negotiations that continued past the expiration of our previous contract, the hard work of our committee has resulted in a tentative agreement with ArcelorMittal,” said USW International President Leo W. Gerard. “Our members’ unwavering solidarity throughout the bargaining process in the face of management’s high-risk scare tactics and demands for major cutbacks has been rewarded.”
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?