Steelworkers Approve 4-Year U.S. Steel Contract
PITTSBURGH (AP) -- The United Steelworkers union says its new four-year contract with United States Steel Corp. is historic.
The deal covers 16,000 workers at 14 domestic plants, including about 2,600 workers at three Pittsburgh-area plants.
Workers will receive a $1 hourly raise retroactive to Sept. 1 and a $6,000 lump sum by the end of the month. They'll get 4 percent raises in the last three years of the deal.
Steelworkers president Leo Gerard says the deal signals the end of the U.S. steel industry's restructuring and is "historic."
Chief union negotiator Tom Conway says the deal approved Tuesday is the best basic steel contract in the past 30 years.