Le Lézard
Classified in: Mining industry, Business
Subject: CON

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

CANTON, Ohio, Nov. 10, 2017 /PRNewswire/ -- TimkenSteel and the United Steelworkers (USW) Local 1123 have reached a second tentative agreement on a four-year contract. The union will set and announce the date for its membership to vote on the tentative agreement.

TimkenSteel Corporation Logo. (PRNewsFoto/TimkenSteel Corporation)

"We have continued to meet and work with union representatives over the past few weeks to arrive at an agreement that benefits our employees as well as our community," said Bill Bryan, TimkenSteel's executive vice president of manufacturing & supply chain. "We remain focused on upholding TimkenSteel's position as an employer of choice in Stark County and keeping our people working, while at the same time addressing the competitive pressure we face as an independent steel company operating in a global marketplace."

The tentative agreement provides increases to permanent base wages every year, bonus opportunities, high-quality healthcare and retirement benefits for all members, and a continued focus on 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 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 Corporation

These press releases may also interest you

at 13:02
Baylin Technologies Inc. ("Baylin") (the "Company" or "Baylin"), a diversified leading global wireless technology management company will hold a conference call to discuss its 2017 three and twelve month financial results on March 1, 2018, at 8:00...

at 13:00
Insurancecarsinsurance.com has released a new blog post presenting advantageous auto insurance discounts. Auto insurance discounts are bonuses that reinforce good and safe driving behavior. Agencies can also reward loyal customers or those who...

at 13:00
Today, Wealthfront launched Risk Parity, the latest addition to PassivePlus?, the company's signature suite of investment features. PassivePlus represents Wealthfront's collection of academically proven, time tested rules-based strategies that seek...

at 13:00
Fruit of Life Productions led by eight-time Grammy award winner Stephen Marley is excited to announce a renewed strategic partnership with OneRise Entertainment to produce the second annual Kaya Fest. Stephen Marley and David F. Alfonso co-founded...

at 12:58
BBVA Compass today announced that Steve Flynn has been named City President of its Commercial Banking Office in Los Angeles, where he's joined by new Relationship Manager Jon McMullen. Led by Flynn, the team will...

at 12:57
AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") today announced that Seth P. Bernstein, President and CEO, will participate in the 2018 Citi Asset Managers, Broker Dealers & Exchanges Investor Conference on Thursday,...

News published on 10 november 2017 at 16:31 and distributed by: