Universal Stainless Reaches Labor Agreement at Its Titusville Facility

Universal Stainless & Alloy Products, Inc.

announced today that it has reached a new 5-year collective bargaining agreement with the hourly employees at its Titusville facility represented by Local 7312-03 of the United Steelworkers. The new 5-year collective bargaining agreement has been ratified by the bargaining unit and is effective as of October 1, 2015. The new contract maintains the flexible work rule terms and profit sharing incentives contained in the prior agreement. Dennis Oates, President and Chief Executive Officer, commented: "We are pleased that we have a new labor agreement at our Titusville facility that is in the best interests of our employees, customers and shareholders."