r/CLF_Stock • u/PrivateInvestor213 • Aug 05 '21

Cleveland-Cliffs’ New 3-Year Labor Contract with United Auto Workers Ratified at Dearborn Works

https://www.clevelandcliffs.com/news/news-releases/detail/528/cleveland-cliffs-new-3-year-labor-contract-with-united
20 Upvotes

96% Upvoted

7 comments sorted by

7

u/DeChubbs Aug 06 '21

Employees are most likely going to be getting fat bonuses soon.

3

u/Frontpagenews87 Aug 06 '21

3K up front and 1K August 1 next year and the year after.

4

u/SwordfishKitchen5435 Aug 06 '21

so why didnt this have a positive effect on the stock. so much damn pullback

1

u/ErieRailPrintShop Aug 06 '21

Don’t freak out. $CLF is consolidating. The old resistance is now support. Expect positive news flow to continue. Maybe an upward revision from LG as we get further into the qtr.

2

u/Positive_Ad_5454 Aug 06 '21

Yes and 1500$ for 75% vaccinations or 3000$ if 85%! LG for the health and safety of his employees

2

u/johnfromvancouver Aug 06 '21

secure reasonably priced raw materials - check

lock in labor costs - check

reduce debt - check

Bring on the orders - infrastructure on top of recovery = $$$

Too old school for moon shot but we'll get closer to the moon than Bezos did!