Posts tagged Cleveland-Cliffs Steel Holding Corp
Op-Eds Union bosses almost blew the $2.5 billion Nippon deal. Don’t let them sabotage the next contract
August 13, 2026 // In 2025, USW held two significant strikes. One that put nearly 2,000 represented employees out of work for eight months, and another that forced 650 people out of work for five months. The strike likely cost these workers tens of millions collectively in lost wages. It also reported 615 employees earning more than $75,000, with an average total compensation of $107,476. The union paid its own staff more than 10 times what it paid in strike benefits. The terms were strong, as Nippon’s offer included $2.7 billion in capital investment earmarked specifically for USW facilities.
US Steel Launches ‘Longshot’ Attack on Union in Merger Fallout
January 16, 2025 // While a union’s support or opposition doesn’t guarantee an outcome, it can be used to extract concessions or secure agreements from merging employers, Posner said.