Mittal Hails New Pact With Steelworkers
November 02 2005 - 3:34PM
PR Newswire (US)
CHICAGO, Nov. 2 /PRNewswire-FirstCall/ -- Mittal Steel USA today
welcomed the ratification of new collective-bargaining agreements
by members of the United Steelworkers at former Ispat Inland Inc.
locations in Indiana and Minnesota. The agreements generally
parallel those at the former International Steel Group (ISG)
plants, which joined Ispat Inland earlier this year to form Mittal
Steel USA. They run through Sept. 1, 2008, as do those at the
former ISG plants. "It was critical to reach these agreements,"
said Louis L. Schorsch, chief executive officer of Mittal Steel
USA. "They extend to former Ispat Inland operations the workplace
efficiencies, shop-floor involvement and the union- management
partnership that are characteristic of former ISG plants. "We
appreciate particularly the efforts of USW leadership in supporting
and guiding this process," he said. "We look forward to working
closely with the union leadership and all the employees of Mittal
Steel USA as we implement the agreements and continue building the
most successful and most admired institution in our industry." The
agreements apply to about 5,000 members of Local 1010 and 1010-06
at Mittal Steel USA - Indiana Harbor in East Chicago, Ind.; Local
9231 at I/N Tek and I/N Kote, Mittal's joint ventures with Nippon
Steel Corp. in New Carlisle, Ind.; and Local 6115 at Mittal Steel
USA - Minorca Mine in Virginia, Minn. Since the acquisition in
April, Mittal Steel has been integrating ISG's operations with
those of Ispat Inland, which the company has owned since 1998. The
labor agreement represents a key step in this integration. "There
were a number of changes at the shop-floor level that had to be
worked through at the bargaining table, which prolonged the
process, but the parties were persistent and we got it done,"
Schorsch said. About Mittal Steel USA Mittal Steel USA is North
America's largest steelmaker and serves a broad U.S. manufacturing
base. The company was formed in April 2005 and consists of Ispat
Inland Inc. and Mittal Steel USA ISG Inc., formerly International
Steel Group. It has operations in 12 states of the United States.
About Mittal Steel Company Mittal Steel Company N.V.
(NYSE:MT)(AEX:MT) is the world's largest and most global steel
company. The company has operations in 14 countries, on four
continents. Mittal Steel encompasses all aspects of modern
steelmaking, to produce a comprehensive portfolio of both flat and
long steel products to meet a wide range of customer needs. It
serves all the major steel-consuming sectors, including automotive,
appliance, machinery and construction. For 2004, Mittal Steel had
revenues of US$22.2 billion and steel shipments of 42.1 million
tons. The company trades on the New York Stock Exchange and the
Euronext Amsterdam under the ticker symbol "MT." For additional
information on Mittal Steel, please see http://www.mittalsteel.com/
. DATASOURCE: Mittal Steel USA CONTACT: David C. Allen, Corporate
Communications of Mittal Steel USA, +1-312-899-3692 or
+1-219-399-5430 Web site: http://www.mittalsteel.com/
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