NEW YORK Cliffs Natural
Resources Inc. and its unionized workers remain in talks aimed
at establishing a new labor contract ahead of the current
contracts expiration this Friday, the company said
"As we negotiate, Cliffs must
keep in mind the current economic environment, which has
softened considerably in the past 12 months," a spokeswoman for
the Cleveland-based company told AMM in an e-mail. "We
have done well over the past several years, and the company is
sharing that success with our employees through profit sharing.
Our employees are well compensated, comparing favorably to
wages and benefits in other industries such as the auto
industry and other manufacturing sectors."
A spokesman for the United Steelworkers union didnt
respond to a request for comment.