Le Lézard
Classified in: Mining industry, Business
Subjects: CON, LBR

TimkenSteel, United Steelworkers Reach Tentative Agreement for New Four-Year Contract



CANTON, Ohio, Oct. 3, 2017 /PRNewswire/ -- TimkenSteel and the United Steelworkers (USW) Local 1123 have reached a tentative agreement for a new four-year contract and, in the coming week, will finalize documentation of a formal agreement for presentation and ratification by the represented workforce. The date of the vote will be set and announced by the union.

TimkenSteel Corporation Logo. (PRNewsFoto/TimkenSteel Corporation)

"We have reached an agreement that ensures our employees continue to earn some of the best wages in the region and in the steel industry nationally," said Bill Bryan, TimkenSteel's executive vice president of manufacturing & supply chain. "We're working together both to address the significant competitive pressures we face from global steel overcapacity and to keep our people working."

The tentative agreement provides increases to permanent base wages every year, competitive healthcare and retirement benefits for all members, and a continued focus on operating safety and employee wellbeing.

The USW Local 1123 represents approximately 1,650 employees at the company's facilities in Canton, Ohio.

Additional information can be found at www.timkensteel.com/agreement

About TimkenSteel Corporation

TimkenSteel (NYSE:TMST, timkensteel.com) creates tailored steel products and services for demanding applications, helping customers push the bounds of what's possible within their industries. The company reaches around the world in its customers' products and leads North America in large alloy steel bars (up to 16 inches in diameter) and seamless mechanical tubing made of its special bar quality (SBQ) steel, as well as supply chain and steel services. TimkenSteel operates warehouses and sales offices in five countries and has made all of its steel in America for 100 years. The company posted sales of $870 million in 2016. Follow us on Twitter @TimkenSteel and on Instagram.

SOURCE TimkenSteel


These press releases may also interest you

19 jan 2018
Core Gold Inc. ("Core Gold" or the "Company") is pleased to provide the following corporate update. Update on Elipe S.A. restoration to good corporate standingUpdate on US$15,000,000 debt facility with Investa Bank S.A.Credipresto S.A. de CV SOFOM...

19 jan 2018
Orford Mining Corporation ("Orford") is pleased to announce it will be attending the 2018 Vancouver Resource Investment Conference taking place January 21-22, 2018 at the Vancouver Convention Centre ? West Building. Orford Mining management...

19 jan 2018
Aben Resources Ltd.   (the "Company") announces, pursuant to its stock option plan, the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 1,138,000 common shares in...

19 jan 2018
Arianne Phosphate (the "Company" or "Arianne") , a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region announced today, subject to regulatory approval, the extension on the term of...

19 jan 2018
Dolly Varden Silver Corporation (the "Company" or "Dolly Varden") is pleased to announce that the Company will be attending and presenting at this years Vancouver Resource Investment Conference ("VRIC") and the Association for Mineral Exploration...

19 jan 2018
? Blind Creek Resources Ltd. ("Blind Creek" or the "Company") is pleased to announce its intention to transfer its Engineer Mine property and the adjoining Gold Hill Property which it acquired from BCGold Corp. (now Pan Andean Minerals Ltd.) in early...




News published on 3 october 2017 at 14:15 and distributed by: