Allegheny Technologies Operations and USW Reach Tentative Labor Agreements
June 30 2011 - 1:30PM
Business Wire
Allegheny Technologies Incorporated (NYSE: ATI) today announced
that the United Steelworkers (USW) and ATI Allegheny Ludlum and
ATI’s Albany, OR titanium operations have reached tentative
four-year agreements covering approximately 3,000 employees. If
ratified, the agreements will expire on June 30, 2015. The USW has
informed the Company that employees covered by the collective
bargaining agreements will soon be notified of the ratification
process. The existing contracts have been extended and are
effective through August 1, 2011.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and
other factors, many of which we are unable to predict or control,
that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in the forward-looking statements is contained in
our filings with the Securities and Exchange Commission. We assume
no duty to update our forward-looking statement.
Building the World’s Best Specialty Metals Company®
Allegheny Technologies Incorporated is one of the largest and
most diversified specialty metals producers in the world with
revenues, including Ladish, of approximately $4.8 billion for the
last twelve months. ATI has approximately 11,000 full-time
employees world-wide who use innovative technologies to offer
global markets a wide range of specialty metals solutions. Our
major markets are aerospace and defense, oil and gas/chemical
process industry, electrical energy, medical, automotive, food
equipment and appliance, machine and cutting tools, and
construction and mining. Our products include titanium and titanium
alloys, nickel-based alloys and superalloys, grain-oriented
electrical steel, stainless and specialty steels, zirconium,
hafnium, niobium, tungsten materials, forgings, castings, and
fabrication and machining capabilities. The ATI website is
www.ATImetals.com.
ATI (NYSE:ATI)
Historical Stock Chart
From May 2024 to Jun 2024
ATI (NYSE:ATI)
Historical Stock Chart
From Jun 2023 to Jun 2024