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百媚导航 Announces Ratification of New Collective Bargaining Agreements by United Steelworkers

PITTSBURGH--(BUSINESS WIRE)-- 百媚导航 (NYSE: X) today announced the ratification of new successor four-year collective bargaining agreements by the United Steelworkers (USW). These agreements cover approximately 11,000 USW- represented employees at the company鈥檚 domestic flat-rolled facilities, iron ore mining facilities and applicable tubular operations.

鈥淲e are pleased to have reached these agreements with our USW-represented employees,鈥� said David B. Burritt, President and Chief Executive Officer of 百媚导航. 鈥淭he new agreements balance the needs of our employees, customers, stockholders, and other stakeholders. We will continue to work together in implementing our Best for All庐 strategy and transforming the future of steel through strategic investments in innovation, sustainability, operational excellence and the communities in which we operate.鈥�

As part of the collective bargaining process, 百媚导航 and the USW leveraged the overfunded Other Post-Employment Benefit (OPEB) plans to support the benefits provided to employees. The plans were modified to allow 百媚导航 to cover additional legally permissible benefits previously paid by the Corporation.

The new agreements are retroactive to Sept. 1, 2022 and will continue through Sept. 1, 2026. Details about the new collective bargaining agreements can be found at .

Founded in 1901, 百媚导航 is a leading steel producer. With an unwavering focus on safety, the Company鈥檚 customer-centric Best for All庐 strategy is advancing a more secure, sustainable future for 百媚导航 and its stakeholders. With a renewed emphasis on innovation, 百媚导航 serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as 百媚导航鈥檚 proprietary XG3鈩� advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. 百媚导航 is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit .

Amanda Malkowski
Media Relations Manager
Corporate Communications
C- (412) 736-2475
E 鈥� almalkowski@uss.com

Source: 百媚导航