Steelworkers meet Thursday on new offer

Several hundred locked out workers at U.S. Steel will review the company’s latest proposal on Thursday.

Local 1005 of the United Steelworkers Union has scheduled a membership meeting to explain the latest company offer.

U.S. Steel has offered workers a signing bonus of $3,000, along with profit sharing of up to $3,500.

The main issue in the unresolved contract talks is pensions. The union has rejected the company’s proposal to end the defined benefits pension plan to new employees, in place of a less-expensive defined contribution plan.

The meeting is scheduled for 7 pm at Michelangelo’s Banquet Hall, 1555 Upper Ottawa Street in Hamilton.