Tags: Trump Administration | commerce | wilbur ross | wage | increases | steel | workers

Wilbur Ross Predicts Steel Workers to Get Pay Raises

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Friday, 05 October 2018 03:51 PM

U.S. Commerce Secretary Wilbur Ross said on Friday that wage increases are a likely outcome of the current contract talks between U.S. steel companies and the United Steelworkers union, and said that they would be a bellwether for the broader U.S. labor market.

"In many ways the current negotiations between the steel companies and the USWA (United Steelworkers) probably will be a bellwether," Ross said in an interview with Reuters.

"It wouldn't be surprising if there are some wage increases coming from that," he added.

United States Steel Corp and ArcelorMittal USA, a unit of ArcelorMittal, are currently negotiating labor contracts for about 31,000 workers represented by the United Steelworkers union. 

© 2019 Thomson/Reuters. All rights reserved.

   
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U.S. Commerce Secretary Wilbur Ross said on Friday that wage increases are a likely outcome of the current contract talks between U.S. steel companies and the United Steelworkers union, and said that they would be a bellwether for the broader U.S. labor market.
commerce, wilbur ross, wage, increases, steel, workers
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2018-51-05
Friday, 05 October 2018 03:51 PM
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