United Steelworkers union rejects Marathon Petroleum wage offer as national contract expires
The United Steelworkers union rejected a 13 percent wage offer from Marathon Petroleum. Negotiators remain at the table as the national contract expires.
Insights:
Negotiators for the United Steelworkers union and Marathon Petroleum Corporation continued to meet on Saturday to discuss a new national pattern agreement for the oil industry. Late on Saturday the union rejected an offer from Marathon Petroleum Corporationthat would have provided a 13 percent increase in wages over a four-year contract. This development occurred just hours before the current four-year contract was set to expire at 12:01 a.m. on Sunday in the US 
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US.Marathon Petroleum Corporationserves as the lead negotiator for a group of 26 U.S. refiners and chemical companies. This group includes major industry players such as Exxon Mobil Corporation , Chevron Corporation , and Valero Energy Corporation . The rejected proposal included pay increases of 3 percent in each of the first two years followed by 3.5 percent in each of the final two years of the agreement.
