Strike Averted; Cliffs and Labor Union Reach Short-Term Agreement

By KBJR News 1

August 31, 2012 Updated Aug 31, 2012 at 6:15 PM CDT

Hibbing, MN (Northland's NewsCenter) --- A strike has been averted concerning Cliffs Natural Resources and its labor workers.

Cliffs announced on Friday that a short term extension of its labor contract has been reached with the United Steelworkers.

However, both parties have not reached a new long-term contract agreement.

The Union has agreed not to strike. Additionally Cliffs has agreed to provide 48 hours written notice if they intend to be released from this no strike/no lockout commitment.

The contract extension covers approximately 2,400 labor union represented workers at Cliffs' Empire and Tilden mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota.

The extension will keep the mines operating while negotiations continue.

The Company began this round of collective bargaining with the United Steelworkers in early May with the objective of reaching a new labor agreement.

Cliffs stated that the Company remains committed to the negotiation process and intends to reach a fair and equitable agreement.

Posted to the web by Krista Burns