One of our most important stakeholder groups are the local communities that host our operations. We engage directly with residents, elected officials, community leaders and organizations to foster open communication and ensure we are a good neighbor. Through the Cleveland-Cliffs Foundation, we support important needs of our communities. Through our dedicated employees, we donate our time and expertise to meaningful causes.
Safety remains paramount to Cleveland-Cliffs. We continually evolve and improve our Company-wide health and safety program to ensure that everyone returns home the same way they arrived that day. 2024 was a record safety year for Cliffs, with the lowest ever Total Recordable Incident Rate (TRIR) since becoming a steel company.
Cleveland-Cliffs treats employees as partners and does not take for granted their role in our Company’s success. We know that maintaining strong, positive relationships with labor unions is key to our long-term growth. Over 70% of our total workforce is represented by three prominent unions: United Steelworkers (USW), United Auto Workers (UAW), and International Association of Machinists and Aerospace Workers (IAM). In 2024, we welcomed 1,800 additional USW-represented employees through the acquisition of Stelco.
Cleveland-Cliffs was the primary sponsor of the #06 Cliffs Car driven by Helio Castroneves in the 2024 Indianapolis 500. Meyer Shank Racing is an Ohio based team and Helio is a four-time winner at the Indianapolis 500 races. The partnership goes beyond our name on a car, but is a true collaboration with the race team. Our Tubular Components business based out of Walbridge, Ohio and Columbus, Indiana worked with the MSR team to develop crowd control barriers and wing racks that provide increased strength and durability at a lighter weight than their previous equipment (see above photo, right).
