PITTSBURGH (AP) -- A union official says the 14,000 union steelworkers employed by Pittsburgh-based United States Steel are getting a record-setting share of the steelmaker's second-quarter profits.
United Steelworkers spokesman Wayne Ranick says each steelworker will get $4,464 for their share of the profits. In July, U.S. Steel reported record net income of $668 million for the second quarter.
The profit-sharing for workers is based on a formula spelled out in their contract with the steelmaker.
In 2007, the same steelworkers received $2,137 each in second-quarter profit sharing.
