WEST CHESTER, Ohio,
March 20, 2013 /PRNewswire/
-- AK Steel (NYSE: AKS) said today that members of the United
Auto Workers (UAW), Local 3462, have ratified a new three-year
labor agreement covering about 330 hourly production and
maintenance employees at the company's Coshocton (OH) Works. AK Steel said that
UAW officials notified the company that the new contract was
ratified in voting held on March 20,
2013 in Coshocton.
"We are pleased to have reached a new labor agreement at our
Coshocton Works ahead of the expiration date," said James L. Wainscott, Chairman, President and CEO
of AK Steel. "The agreement continues to serve the interests
of both the company and Local 3462 members in our increasingly
competitive industry."
The new agreement takes effect on March
31, 2013 and expires on March
31, 2016.
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 6,100 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, controls and is developing metallurgical coal reserves in
Somerset County,
Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a
joint venture headquartered in Grand
Rapids, Minnesota, which produces iron ore concentrate from
previously mined ore reserves.
SOURCE AK Steel