Category: steel industry

U.S. Steel Announces Record Profit-Sharing as Earnings Hit Record High

U.S. Steel employees are all set to receive a record amount in profit-sharing as the company registered a strong second-quarter performance. According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. For the three-month period ended June 30, this will translate to bonus checks exceeding…


US Steel Announces Record Profit-Sharing as Earnings Hit Record High

U.S. Steel employees are all set to receive a record amount in profit-sharing as the company registered a strong second-quarter performance. According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. For the three-month period ended June 30, this will translate to bonus checks exceeding…


US Steel to Pay Record Profit-Sharing Bonuses on Record Earnings

U.S. Steel employees will receive a record second-quarter amount in profit-sharing as the company reported a strong performance for the period. According to the company’s contract with the United Steelworkers union, steelworkers will receive $30.72 per qualifying hour in profit-sharing bonuses. That translates to bonus checks exceeding $14,000 for the three-month period ended June 30,…


Ohio County Portends Political Shift Ahead of 2022 Midterms

When rock’n’roll star Bruce Springsteen belted out the phrase “Down in Youngstown” in one of his hit songs nearly 30 years ago, it referred to the struggles of Americans in a steel-mill town in northeast Ohio’s Mahoning County. The 1995 song title was “Youngstown,” and it pointed to the importance of the industrial anchor for…