Cleveland-Cliffs Inc. (NYSE: CLF) has stated that its employees, represented by the United Auto Workers ("UAW") Local 600, approved a four-year labor deal for its Dearborn Works operations. The new deal is in effect until Jul 31, 2028, and will cover about 1,000 UAW-represented workers at Dearborn.
This equitable agreement at Dearborn is an example of the company's strong commitment to a collaborative relationship that benefits both employees and CLF as a whole. The company has strengthened its partnership with the UAW for another four years, CLF noted.
Cleveland-Cliffs' adjusted earnings for the second quarter of 2024 were 11 cents per share, down from 69 cents in the prior year quarter. Revenues declined 14.9% to $5,092 million in the quarter. The company recorded steelmaking revenues of around $4.9 billion in the second quarter, ...
