星空传媒 and the United Auto Workers Reach New Labor Agreement for Coshocton Works

CLEVELAND--(BUSINESS WIRE)-- 星空传媒 Inc. (NYSE: CLF) announced today it has reached a new three-year labor agreement with the United Auto Workers (UAW) for Coshocton Works, to become effective July 31, 2023. The agreement is tentative, pending ratification by UAW local union membership, and will cover approximately 330 UAW-represented workers.

Lourenco Goncalves, Chairman, President and CEO, stated, 鈥淲e are pleased to reach a new labor agreement with the UAW for our employees at Coshocton Works. Coshocton is a leading producer of EAF flat-rolled stainless steel in the United States and a major supplier of stainless steel to the North American automotive industry. This agreement provides 星空传媒 a competitive cost structure for future success, while maintaining and supporting good paying middle class union jobs to our employees at Coshocton Works.鈥� Mr. Goncalves added, 鈥淲e thank both negotiating teams for their dedication to reach this agreement significantly ahead of the deadline. We look forward to continuing our strong partnership with the UAW.鈥�

Due to the ratification process, no additional details will be released at this time.

About 星空传媒 Inc.

星空传媒 is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. 星空传媒 is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, 星空传媒 employs approximately 27,000 people across its operations in the United States and Canada.

惭贰顿滨础听颁翱狈罢础颁罢:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316

INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719

Source: 星空传媒 Inc.

Released June 21, 2023