We’ve told the union during bargaining that pattern bargaining doesn’t work for every situation.
We also told them that we think that profit sharing has to be included in any comparison. Ask your Union Representative what your profit-sharing checks would have been if you had the Cliffs Mines or Steelmaking Pattern during the 2018 labor agreement! Here at U. S. Steel, we paid more than $70,000 during the term of the 2018 Basic Labor Agreement to employees who worked the full complement of hours during each quarter. When we do well, you do well. That’s why we don’t put a cap on our profit sharing.
Based on the third quarter earnings guidance, hourly profit sharing for Q3 2022 is currently expected to be more than $20.00.
Posted on 9/15/2022
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