Walz extends unemployment pay for northeast Minnesota miners [CBS News]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: CBS News
ST. PAUL, Minn. — Northshore Mining shut down May 1, and about 450 workers out of around 580 workers there and at an associated contractor have been laid off. Unemployment benefits normally run out after six months in Minnesota, and payments stopped for many of the workers in November. Consequently, legislative leaders put the bill on the fast track when the session convened three weeks ago. The Minnesota House voted 127-7 on Monday to approve it, after the Senate passed it 56-10. Walz noted at the signing ceremony that northeastern Minnesota's iron mining industry has a long history of ups and down. When times are down, he said, the rest of the state needs to be there. "This is what it means to legislate, to move things when they're needed," Walz said. "Folks have been waiting too long." The main reason for the layoffs is a long-running royalty dispute between its owner, Cleveland-Cliffs, and a trust that controls the mineral rights for the mine pit near Babbitt that suppl
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CLF
Earnings
- 1/29/24 - Beat
CLF
Sec Filings
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- CLF's page on the SEC website