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Globe Specialty Metals Announces Unifor Members Ratified New Collective Bargaining Agreement; Ends Lockout at Quebec Silicon Metal Plant

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Globe Specialty Metals (NASDAQ: GSM) today announced that Unifor members ratified on Friday, December 27, 2013 a new collective bargaining agreement. The Plant, which operated one of three furnaces during the lockout, will begin the process of ramping to full production on January 3, 2014 and be at full production by the end of the first quarter of 2014.

The contracts for shipments to Canadian customers received by the Company's QSIP Canada subsidiary for the first six months of 2014 are on pace to be the largest volume of domestic sales since at least the 1990s.

See full press release

Posted-In: News Guidance Management Global

 

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