U.S. Steel Workers to Get Big Bump in Pay

Details are beginning to leak about the tentative four-year labor contract between the USW and U.S. Steel. Workers will get a 14 percent raise spread across a four-year period, according to Reuters sources. That will be biggest pay raise the steelworkers have seen in several years. No increase was included in the last contract and the previous one raised wages by an average of 1.5 percent over the three-year term.

The benefit package will remain relatively unchanged with no premiums paid by steelworkers.  The union successfully argued that U.S Steel’s proposed increases to healthcare would have negated any wage increases offered by the company. The affordable healthcare package with no premiums is one of the reasons union workers were willing to agree to a freeze in wages during the 2015 negotiations.