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U. S. Steel Employees to Host Rally at Mon Valley Works Clairton Plant to Fight for their Futures in Support of Nippon Steel Transaction

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U. S. Steel employees are hosting a rally at the Mon Valley Works Clairton Plant to support the Nippon Steel transaction. The event brings together represented and non-represented employees, community members, and local officials to advocate for the deal's approval.

Nippon Steel has committed to providing $5,000 bonuses to eligible USW-represented and non-represented employees within 30 days of deal closing, totaling nearly $100 million. The company also pledged to invest $2.7 billion in union-represented facilities, including $1 billion specifically for Mon Valley Works.

In Pennsylvania, the investment is expected to generate $1 billion in economic impact, create 5,000 construction jobs, and contribute up to $40 million in state and local taxes within the first two years. The partnership aims to strengthen U.S. national security, economic security, and job security while modernizing steelmaking operations.

I dipendenti della U. S. Steel stanno organizzando un raduno presso l'impianto Clairton della Mon Valley Works per sostenere la transazione con Nippon Steel. L'evento riunisce dipendenti rappresentati e non rappresentati, membri della comunità e funzionari locali per avvocare a favore dell'approvazione dell'accordo.

Nippon Steel si è impegnata a fornire bonus di $5.000 ai dipendenti rappresentati e non rappresentati dalla USW entro 30 giorni dalla chiusura dell'affare, per un totale di quasi 100 milioni di dollari. L'azienda ha anche promesso di investire 2,7 miliardi di dollari nelle strutture rappresentate dai sindacati, inclusi 1 miliardo di dollari specificamente per la Mon Valley Works.

In Pennsylvania, si prevede che l'investimento genererà un impatto economico di 1 miliardo di dollari, creerà 5.000 posti di lavoro nel settore delle costruzioni e contribuirà fino a 40 milioni di dollari in tasse statali e locali entro i primi due anni. La partnership mira a rafforzare la sicurezza nazionale degli Stati Uniti, la sicurezza economica e la sicurezza del lavoro, modernizzando le operazioni di produzione dell'acciaio.

Los empleados de U. S. Steel están organizando una manifestación en la planta Clairton de Mon Valley Works para apoyar la transacción con Nippon Steel. El evento reúne a empleados representados y no representados, miembros de la comunidad y funcionarios locales para abogar por la aprobación del acuerdo.

Nippon Steel se ha comprometido a proporcionar bonos de $5,000 a los empleados representados y no representados por la USW dentro de los 30 días posteriores al cierre del acuerdo, totalizando casi $100 millones. La compañía también se comprometió a invertir $2.7 mil millones en instalaciones representadas por el sindicato, incluyendo $1 mil millones específicamente para Mon Valley Works.

En Pennsylvania, se espera que la inversión genere un impacto económico de $1 mil millones, cree 5,000 empleos de construcción y contribuya hasta $40 millones en impuestos estatales y locales durante los primeros dos años. La asociación tiene como objetivo fortalecer la seguridad nacional, la seguridad económica y la seguridad laboral de EE. UU., modernizando las operaciones de fabricación de acero.

U. S. Steel 직원들이 니폰 스틸 거래를 지원하기 위해 모너 밸리 워크스 클레어턴 플랜트에서 집회를 개최하고 있습니다. 이번 행사는 노조에 가입된 직원들과 비가입 직원들, 지역 주민들, 그리고 지역 관계자들이 모여 거래 승인을 지지하는 자리입니다.

니폰 스틸은 거래 종료 후 30일 이내에 USW 회원과 비회원 직원들에게 5,000달러 보너스를 제공할 것을 약속했습니다. 총액은 거의 1억 달러에 달합니다. 회사는 또한 27억 달러를 노조 가입 시설에 투자하겠다고 약속했으며, 그 중 10억 달러는 모너 밸리 워크스에 특별히 지정됩니다.

펜실베니아에서는 이 투자가 10억 달러의 경제적 영향을 발생시키고 5,000개의 건설 일자리를 창출하며, 처음 2년 동안 주 및 지방세로 최대 4천만 달러를 기여할 것으로 예상됩니다. 파트너십은 미국의 국가 안보, 경제 안보 및 일자리 안보를 강화하고, 철강 생산 작업을 현대화하는 것을 목표로 하고 있습니다.

Les employés de U. S. Steel organisent un rassemblement à l'usine Clairton de Mon Valley Works pour soutenir la transaction avec Nippon Steel. Cet événement réunit des employés représentés et non représentés, des membres de la communauté et des élus locaux pour plaider en faveur de l'approbation de l'accord.

Nippon Steel s'est engagé à fournir des primes de 5 000 $ aux employés représentés et non représentés par la USW dans les 30 jours suivant la conclusion de l'accord, pour un total de près de 100 millions de dollars. L'entreprise a également promis d'investir 2,7 milliards $ dans des installations représentées par un syndicat, y compris 1 milliard $ spécifiquement pour Mon Valley Works.

En Pennsylvanie, l'investissement devrait générer un impact économique de 1 milliard $, créer 5 000 emplois dans le secteur de la construction et contribuer jusqu'à 40 millions $ en impôts d'État et locaux au cours des deux premières années. Le partenariat vise à renforcer la sécurité nationale des États-Unis, la sécurité économique et la sécurité de l'emploi tout en modernisant les opérations de fabrication de l'acier.

Die Mitarbeiter von U. S. Steel organisieren eine Kundgebung im Clairton-Werk des Mon Valley Works, um die Nippon Steel-Transaktion zu unterstützen. Die Veranstaltung bringt vertretene und nicht vertretene Mitarbeiter, Mitglieder der Gemeinde und lokale Beamte zusammen, um für die Genehmigung des Deals einzutreten.

Nippon Steel hat sich verpflichtet, 5.000 Dollar Prämien an berechtigte, von der USW vertretene und nicht vertretene Mitarbeiter innerhalb von 30 Tagen nach dem Abschluss des Geschäfts auszuzahlen, was insgesamt fast 100 Millionen Dollar ausmacht. Das Unternehmen hat auch zugesagt, 2,7 Milliarden Dollar in gewerkschaftlich vertretene Einrichtungen zu investieren, darunter 1 Milliarde Dollar speziell für das Mon Valley Works.

In Pennsylvania wird erwartet, dass die Investition ein wirtschaftliches Impact von 1 Milliarde Dollar erzeugt, 5.000 Bauarbeitsplätze schafft und in den ersten zwei Jahren bis zu 40 Millionen Dollar an staatlichen und lokalen Steuern beiträgt. Die Partnerschaft zielt darauf ab, die nationale Sicherheit der USA, die wirtschaftliche Sicherheit und die Arbeitsplatzsicherheit zu stärken, während die Stahlproduktion modernisiert wird.

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Nippon Steel Has Committed to $5,000 Bonuses for U. S. Steel Employees

Advocating for Transaction to be Approved on its Merits

PITTSBURGH--(BUSINESS WIRE)-- Employees of United States Steel Corporation (NYSE: X) (“U. S. Steel”) today will host a rally at the U. S. Steel Mon Valley Works Clairton Plant in support of the Nippon Steel transaction. Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits of the deal. Earlier this week, Nippon Steel announced that all eligible USW-represented U. S. Steel employees and eligible non-represented employees will receive a $5,000 bonus within 30 days of deal closing. Altogether, the Closing Bonus will result in a nearly $100 million aggregate payment to qualifying employees. *

“Our employees and community members are rallying once again to show the unrelenting support for the transaction with Nippon Steel. This transaction strengthens U.S. national security, economic security, and job security, creating the best possibility for U. S. Steel to get better AND bigger. This transaction with Nippon Steel is the only scenario where significant investments would occur across the unionized, integrated facilities, including in Mon Valley Works. We need to get the deal done,” said President and Chief Executive Officer of U. S. Steel, David B. Burritt.

The partnership with Nippon Steel will strengthen the American steel industry, protect jobs, and uplift the communities that have been so integral to the success of U. S. Steel over the past century. Nippon Steel has committed to investing no less than $2.7 billion in U. S. Steel’s union-represented facilities and communities, including no less than $1 billion in Mon Valley Works. Nippon Steel has outlined its commitments in detail and responded to expressed concerns from USW International President Dave McCall here.

“I walk the floor every day at the Clairton Plant, talking to many USW members and multi-generation steelworkers. We want a future that is strong and secure for us, for our families, and for the Mon Valley. We have learned about the partnership with Nippon Steel and met with Nippon Steel’s leaders and are confident that this transaction is the best way to achieve that. Their commitment to invest in our Mon Valley Works facilities is essential to supporting the next generation of steelmaking in Pennsylvania,” said Richard Tikey, USW-Represented Maintenance Technician, U. S. Steel Mon Valley Works.

In Pennsylvania alone, Nippon Steel’s investment is expected to generate $1 billion in economic impact and up to $40 million in state and local taxes, and create 5,000 construction jobs, in the first two years. Learn more about the economic impact the investment is expected to have here.

"U. S. Steel is a mainstay of life in Western PA and an engine of prosperity for our people. Under the new partnership with Nippon Steel, U. S. Steel will gain new investments, new technology, and modernization that will keep production in the Mon Valley for generations to come. We need political leaders to join the local labor, business, and civic leaders who are embracing this opportunity and the prosperity it will bring," said David N. Taylor, President & CEO, Pennsylvania Manufacturers' Association.

*$100 million aggregate commitment inclusive of €3,000 Closing Bonuses to employees in Europe following the close of the transaction.

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3® advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

U. S. Steel Media Relations

T - (412) 433-1300

E - media@uss.com

Source: United States Steel Corporation

FAQ

What is the size of the employee bonus Nippon Steel promised for U.S. Steel (X) workers?

Nippon Steel has committed to providing $5,000 bonuses to eligible USW-represented and non-represented U.S. Steel employees, to be paid within 30 days of the deal closing, totaling nearly $100 million in aggregate payments.

How much is Nippon Steel investing in U.S. Steel (X) union facilities?

Nippon Steel has committed to investing no less than $2.7 billion in U.S. Steel's union-represented facilities, with at least $1 billion specifically allocated for Mon Valley Works.

What economic impact will the Nippon Steel-U.S. Steel (X) deal have in Pennsylvania?

The investment is expected to generate $1 billion in economic impact, create 5,000 construction jobs, and contribute up to $40 million in state and local taxes in Pennsylvania within the first two years.

How will the Nippon Steel acquisition affect U.S. Steel (X) Mon Valley Works?

Nippon Steel has committed to investing no less than $1 billion in Mon Valley Works, aimed at modernizing facilities and supporting the next generation of steelmaking in Pennsylvania.

What are the key benefits of the Nippon Steel-U.S. Steel (X) transaction?

The transaction aims to strengthen U.S. national security, economic security, and job security, while providing significant investments across unionized facilities and modernizing steelmaking operations.

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