PITTSBURGH, Aug. 12 /PRNewswire-FirstCall/ -- United States Steel
Corporation (NYSE: X) today announced that its U. S. Steel Tubular
Products, Inc. subsidiary reached a tentative agreement with the United
Steelworkers (USW) on a new four-year labor contract that will cover
approximately 900 USW-represented employees at U. S. Steel Tubular
Products, Inc.'s Texas Operations Division, a welded tubular products
facility in Lone Star, Texas. The tentative agreement will replace the
contract expiring Sept. 1, 2008, and remains subject to ratification by the
United Steelworkers.
Commenting on the announcement, U. S. Steel Chairman and Chief
Executive Officer John P. Surma said, "We are pleased that a tentative
agreement was reached with the United Steelworkers on a competitive
four-year contract for our Texas Operations Division, which became part of
our company just over one year ago. This agreement will allow us to build
upon the significant progress that has been made to date. We believe that
this agreement is in the best interests of our company and all of our
stakeholders."
Details about the tentative agreement will be made available after the
ratification process is complete.
This release contains forward-looking statements with regard to a new
labor agreement. The new labor agreement is subject to ratification by USW
members. Future profitability and competitiveness are subject to numerous
factors, many of which are beyond the control of U. S. Steel. In accordance
with "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995, cautionary statements identifying important factors, but not
necessarily all factors, that could cause actual results to differ
materially from those set forth in the forward-looking statements have been
included in the Form 10-K of U. S. Steel for the year ended December 31,
2007, and in subsequent filings for U. S. Steel.
For more information about U. S. Steel, visit http://www.ussteel.com.
SOURCE United States Steel Corporation
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Related links:
http://www.ussteel.com
http://www.prnewswire.com/comp/929150.html /
CONTACT:
John Armstrong, +1-412-433-6792, or Erin
DiPietro, +1-412-433-6845, both of United States Steel
Corporation
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