Profit per ton was $19.24. The profit sharing pool is determined by 7.5% of Profits between $10 and $50 per ton, and 10% of profits above $50 per ton. For the 1st quarter, the Middletown Works share of the profit sharing pool is $354,504. This amount will be divided by all members on the basis of hours worked in the 1st quarter (with a max of 520 hours). Hours of S&A leave do not count toward profit sharing hours. Our estimate for a person receiving the maximum profit sharing is between $175 and $200 (before taxes).
For anyone interested in the Cleveland-Cliffs student summer hire program, please see the information and link below:
The Summer Worker Program provides qualified students the experience of working in and around a heavy manufacturing environment. Students will work in grounds keeping roles providing daily maintenance and upkeep of the grounds throughout the plant. The ideal candidate will have a strong work ethic, interest in manufacturing and enjoy working with others to accomplish goals.
Essential Duties and Responsibilities: