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…
U.S. Steel Announces Record Profit-Sharing as Earnings Hit Record High
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,…
US Steel to Make $150 Million Investment in Iron Range Operations
By Mike Hughlett From Star Tribune U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two taconite…
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