U.S. Steel Corp administrative offices for its Granite City Works in Granite City, Illinois, U.S. on July 5, 2017. REUTERS/David Lawder
October 16, 2018
CHICAGO (Reuters) – The new contract between U.S. Steel Corp <X.N> and its workers proposes to increase wages by 14 percent over a four-year period, three sources familiar with details of the negotiations told Reuters on Tuesday.
This would be the biggest pay increase for the workers in at least six years. They went without a wage hike in the last contract which ended on Sept. 1.
The Pittsburgh-based steelmaker reached a tentative agreement on Monday with the United Steelworkers (USW) union, representing 16,000 workers across the country.
A company spokeswoman did not respond when asked to comment on the deal, whose details were not made public.
(Reporting by Rajesh Kumar Singh; Editing by Richard Chang)
