WEST CHESTER, Ohio,
March 12, 2012 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that members of the United Auto
Workers (UAW), Local 4104, have ratified a new three-year labor
agreement covering about 185 hourly production and maintenance
employees at the company's Zanesville (OH) Works. AK Steel
said that UAW officials notified the company that the new contract
was ratified in voting held on March 9,
2012 in Zanesville.
"We are pleased to have reached a new labor agreement at our
Zanesville Works well ahead of the
expiration date," said James L.
Wainscott, Chairman, President and CEO of AK Steel.
"The new agreement continues to provide a competitive and flexible
labor contract for AK Steel and our Zanesville employees."
The new agreement takes effect on May 20,
2012 and runs through May 20,
2015.
AK Steel
AK Steel produces flat-rolled carbon, stainless and electrical
steels, primarily for automotive, infrastructure and manufacturing,
construction and electrical power generation and distribution
markets. The company employs about 6,200 men and women in
Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate
headquarters in West Chester,
Ohio. Additional information about AK Steel is available on
the company's web site at www.aksteel.com.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs
about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK
Tube produces carbon and stainless electric resistance welded (ERW)
tubular steel products for truck, automotive and other
markets. Additional information about AK Tube LLC is available
on its web site at www.aktube.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK
Steel, owns or leases metallurgical coal reserves in Somerset County, PA. AK Steel also owns
49.9% of Magnetation LLC, a joint venture headquartered in
Grand Rapids, MN, which produces
iron ore concentrate from previously mined ore reserves.
SOURCE AK Steel