CLEVELAND, Aug. 29, 2013 /PRNewswire/ — Cliffs Natural Resources Inc. announced today that the United Steelworkers Union local membership have ratified a three-year labor contract agreement for its Bloom Lake Mine in Fermont, Quebec. The new labor agreement covers approximately 300 represented workers.
Duke Vetor, executive vice president, global operations services, commented, “We are pleased to reach a new labor contract with mutually aligned performance objectives that is fair and equitable to both parties. This labor agreement provides Cliffs with a sustainable cost structure and a highly skilled workforce that will be key to our ability to stay competitive in a challenging global market. Cliffs values our longstanding relationship with the United Steelworkers and we are pleased to begin this new chapter in Quebec.”