OMNOVA Solutions Completes Labor Contract at Jeannette, Pennsylvania Plant
January 21 2005 - 4:30PM
PR Newswire (US)
OMNOVA Solutions Completes Labor Contract at Jeannette,
Pennsylvania Plant FAIRLAWN, Ohio, Jan. 21 /PRNewswire-FirstCall/
-- OMNOVA Solutions (NYSE:OMN) today announced that employees
represented by United Steelworkers of America Local 22R at its
Jeannette, Pennsylvania facility have ratified a new contract with
the Company. The contract covers approximately 160 bargaining unit
members, representing less than 8% of the Company's workforce. With
the completion of a new agreement, OMNOVA Solutions has ended the
lockout that was initiated on December 4, 2004. The new contract
will expire on September 2, 2008, four years from the date of the
expiration of the previous contract. "This new contract makes
positive movement toward addressing cost and work system issues
that are critical to the plant's competitiveness in a very
challenging marketplace," said Kevin McMullen, OMNOVA Solutions'
Chairman and Chief Executive Officer. "At the same time, it
continues to provide an excellent wage and benefit package for our
Jeannette hourly workforce." OMNOVA Solutions' Jeannette,
Pennsylvania plant is part of the Company's Decorative Products
Division. The plant produces industrial films and laminates used in
a number of products, including banners, awnings, signage, window
shades, vending machines, and floors and ceilings for manufactured
housing. OMNOVA Solutions Inc. is a technology-based company with
2003 sales of $683 million and 2,100 employees worldwide. OMNOVA is
an innovator of emulsion polymers, specialty chemicals, and
decorative and functional surfaces for a variety of commercial,
industrial and residential end uses. DATASOURCE: OMNOVA Solutions
Inc. CONTACT: Sandi Noah, Communications, +1-330-869-4292, or
Michael Hicks, Investor Relations, +1-330-869-4411, both of OMNOVA
Solutions Inc. Web site: http://www.omnova.com/ Company News
On-Call: http://www.prnewswire.com/comp/143306.html
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