I.B.E.W. Local Ratifies New Labor Contract at Hoover Floor Care
10 12월 2003 - 2:09AM
PR Newswire (US)
I.B.E.W. Local Ratifies New Labor Contract at Hoover Floor Care
NORTH CANTON, Ohio, Dec. 9 /PRNewswire-FirstCall/ -- The Hoover
Company -- the floor care division of Maytag Corporation --
announced today that Local 1985 of the International Brotherhood of
Electrical Workers ratified a new contract agreement that will be
in effect through June 29, 2008. (Logo:
http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO ) I.B.E.W.
Local 1985 represents production workers at Hoover's facilities in
Stark County, Ohio, where the floor care business is headquartered.
Hoover President Tom Briatico said, "The new contract is a positive
development and helps both the company and employees by better
positioning us to compete in a global floor care environment."
Briatico explained that the new contract extension addresses key
cost issues such as active employee and retiree health benefits,
work rule flexibilities and job security language that guarantees a
minimum level of jobs in North Canton. The contract is a positive
development for the corporation, but with the early signing the
company expects to take a small charge in the fourth quarter 2003.
Maytag Corporation (NYSE:MYG) is a leading producer of home and
commercial appliances. Forward-Looking Statements: Certain
statements in this news release, including any discussion of
management expectations for future periods, constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from the
future results expressed or implied by those statements. For a
description of such factors, refer to "Forward Looking Statements"
in the Management's Discussion and Analysis section of Maytag's
Annual Report on Form 10-K for the year ended December 31, 2002,
and each quarter's 10-Q.
http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO
http://photoarchive.ap.org/ DATASOURCE: Maytag Corporation CONTACT:
Lynne Dragomier, Senior Director, Corporate Communications of
Hoover, +1-330-497-5822, Fax, +1-330-497-5011, Web site:
http://www.maytagcorp.com/
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