Healthcare costs stall contract talks at US Steel and Cleveland-Cliffs
Negotiations at both steelmakers have hit a wall over health insurance, with the union rejecting US Steel's 18% wage increase because of proposed cost-shifting in medical plans. The union also accuses Cleveland-Cliffs of pushing higher premiums and deductibles without any wage hikes after five weeks of talks. Analysts expect Cleveland-Cliffs to eventually match any concessions US Steel makes to avoid a strike.
This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “US Steel and Cleveland-Cliffs labor negotiations: Healthcare emerges as central sticking point.” Browse more stories.