CANTON, Ohio, June 10, 2021 /PRNewswire/ -- TimkenSteel (NYSE:
TMST) (timkensteel.com) and the United Steelworkers will begin
discussions on August 9 regarding the
current labor agreement that is set to expire on September 27. The current agreement covers
approximately 1,180 bargaining employees at the company's
Canton, Ohio operations.
"Our goal is to reach a fair, equitable agreement that supports
the company's vision and provides job security for our employees,"
said Mike Williams, president and
CEO. "We hope to reach a timely agreement as our industry and
customers endure rapidly changing market dynamics, and our company
continues to focus on achieving sustainable profitability through
all cycles while operating safely and responsibly each and every
day."
Consistent with prior practice, the company will reserve further
comment until discussions are complete, although periodic updates
will be posted on www.timkensteel.com/agreement.
About TimkenSteel Corporation
TimkenSteel (NYSE:
TMST) manufactures high-performance carbon and alloy steel products
in Canton, Ohio serving demanding
applications in automotive, energy and a variety of industrial end
markets. The company is a premier U.S. producer of alloy steel bars
(up to 16 inches in diameter), seamless mechanical tubing and
precision components. In the business of making high-quality steel
primarily from recycled materials for more than 100 years,
TimkenSteel's proven expertise contributes to the performance of
our customers' products. The company employs approximately 2,000
people and had sales of $831 million
in 2020. For more information, please visit us at
www.timkensteel.com.
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SOURCE TimkenSteel Corp.