Cleveland-Cliffs offers cash bonus to employees buying American-made cars

Cleveland-Cliffs (NYSE: CLF) has introduced a company-wide incentive that offers employees a $1,000 cash bonus for buying or leasing new American-made vehicles that are built with “substantial Cliffs’ steel content”.The “Buy American” incentive applies to nearly 30,000 Cliffs’ employees and will run through calendar 2025.Cleveland-Cliffs is currently the largest producer of automotive steel in the United States, and the only producer of electrical steels in North America.Vehicles produced in a plant outside of the US, however, or those that use a significant amount of imported flat-rolled steel, will not qualify for the incentive, Cliffs said.Lourenco Goncalves, Cliffs’ chairman, president and CEO, stated: “We are pleased to do our part to support President Trump’s long-term vision of bringing manufacturing back to the United States. In order to be a global superpower and Make America Great Again, companies need to produce things in America and people need to buy things that are made in America.”“This incentive is a small token of our appreciation for the administration’s ‘America-First’ agenda and serves as recognition that our employees, as American consumers, will help power the resurgence of domestic manufacturing,” he added.Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com