PITTSBURGH ( TheStreet) -- The United Steelworkers union said Saturday it had reached a tentative agreement on a new contract with ArcelorMittal ( MT).
The new three-year contract would cover nearly 14,000 workers at 15 of ArcelorMittal's U.S. facilities, a statement from the union said. "We are proud that we preserved our wages, benefits and contractual protections for seniority as well as maintaining the limits of work done by outside contractors," said David McCall, who chairs the union's negotiations with the Luxembourg-based steel company. ArcelorMittal said it was pleased to have "a fair and equitable outcome without disruption to our business operations," according to the Associated Press The United Steelworkers told its members they would receive details on the new contract soon, the AP added. Rank-and-file members still need to approve the contract before it becomes official. Both sides negotiated for 10 weeks after the previous contract expired. Saturday's announcement comes less than a week after the union reached a tentative contract agreement with United States Steel ( X). > > Bull or Bear? Vote in Our Poll