President's Update
Week of March 9
Your Executive and Unit Chairs Mike and Steve have a meeting on March 25th with Cliff Smith (COO Cleveland Cliffs) and Rob Fischer (VP HR Cleveland Cliffs) to discuss the business plan moving forward.
Starting March 30th, there will be 8 permanent transfers from the Pickle Lines to vacancies throughout the main mill.
Car damage from the Steel Shop fallout. Stelco has sent out emails to all 104 people that were affected from either the February or the March incident dates. There are two places you can take your cars:
Twisted Mallais Detailing
321 Queensway West
Simcoe, ON
N3Y 2M9
(519) 426-5104
Red Hill Car Wash
91 Parkdale Ave N
Hamilton, ON
(289) 244-0030
Before you take your car in you need to contact Chantelle Seguin, chantelle.seguin@stelco.com to be added to the list. Should you prefer to have your vehicle detailed at an alternate location, please do so and provide a detailed receipt - to be reimbursed up to a maximum of $400.00. The list of vehicles that qualify can be found on our website under Grievances section.
If you are off work for illness or injury outside of work, please reach out to Jamie Knowles 519-587-2000 ext. 2290 for assistance. There is a lot of confusion when it comes to this process, and we are here to help.
When you are meeting with the Stelco doctor, you can ask for the conversation to be just between you and Dr. Walter. Something that you want confidential will then stay that way.
RUMOUR OF THE WEEK...
"The retirees only received $690. PSP because they hit their max." This is not true. Just because the actives max out their quarterly payment doesn't mean the retirees do. The active's receive 80% of the profit sharing, and the retiree's receive 20%. The past PSP was calculated as such.
Stelco EBITA Fourth Quarter $71.8 million -$25 million contract language = $46.8 million x by 6.6% for all actives and retirees = $3 million x 80% for actives 2.4 million, retirees $600 000. $2.4 million/1100(est.) actives = $2100. Retirees $600 000/860 (est.) =$690.
We came no where close to our annual PSP trigger of $1 billion.
Thanks,