AK Steel's Rockport Works, UAW Members Ratify Labor Deal
AK Steel (NYSE: AKS) said today that members of the United Auto Workers Local 3044 have ratified a four-year labor agreement covering about 195 hourly production employees at the company's Rockport (IN) Works.
"We are pleased to have reached a competitive labor agreement at our Rockport Works ahead of the expiration date," said James L. Wainscott, Chairman, President and CEO of AK Steel. "The new agreement will help Rockport Works continue to serve our valued customers with outstanding quality and productivity."
The current agreement expires on September 30, 2013. The new agreement takes effect September 30, 2013 and expires on September 30, 2017.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.