The Nation - News from March 16, 1986

The United Steelworkers reached a tentative agreement in Pittsburgh with LTV Steel Co. that calls for cuts in wages and benefits in exchange for stock and profit sharing for 30,500 workers in seven states, the union said. The union’s negotiating committee voted 32 to 6 to accept a package that would mean an hourly wage cut of $1.14, the loss of three paid holidays and the loss of an average of one week vacation over a 40-month period. The agreement must be approved by the union’s executive board before it is sent to the rank and file for ratification by mail.