IAM Members Ratify Labor Agreement For AK Steel Middletown Works
March 13 2018 - 9:45AM
AK Steel (NYSE:AKS) said today that members of the International
Association of Machinists and Aerospace Workers (IAM) Local 1943
have ratified a two year labor agreement covering about 1,730
hourly employees at the company’s Middletown, Ohio facility.
AK Steel said that the contract was ratified in voting held
on March 12, 2018. The new agreement will be effective until
March 15, 2020.
“We are pleased to have reached an agreement at Middletown Works
ahead of the expiration date,” said Roger K. Newport, Chief
Executive Officer of AK Steel. “The new agreement provides a
competitive labor contract that advances the interests of our
employees and the company.”
Middletown Works is an integrated steel operation with carbon
steel melting, casting, hot and cold rolling, and finishing
operations to produce a number of carbon and stainless steels for
the automotive and other industries.
AK SteelAK Steel is a leading producer of
flat-rolled carbon, stainless and electrical steel products,
primarily for the automotive, infrastructure and manufacturing,
electrical power generation and distribution markets. Through its
subsidiaries, the company also provides customer solutions with
carbon and stainless steel tubing products, die design and tooling,
and hot- and cold-stamped components. Headquartered in West
Chester, Ohio (Greater Cincinnati), the company has approximately
9,200 employees at manufacturing operations across seven states
(Alabama, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West
Virginia), as well as in Canada and Mexico. Additional information
about AK Steel is available at www.aksteel.com.
Contacts: Media – Lisa H. Jester,
Corporate Manager, Communications and Public Relations (513)
425-2510Investors – Douglas O. Mitterholzer, General Manager,
Investor Relations (513) 425-5215
AK Steel (NYSE:AKS)
Historical Stock Chart
From Mar 2024 to Apr 2024
AK Steel (NYSE:AKS)
Historical Stock Chart
From Apr 2023 to Apr 2024