WEST CHESTER, Ohio,
Dec. 12, 2014 /PRNewswire/ -- AK
Steel (NYSE: AKS) said today that members of United Steelworkers
(USW) Local 1865 have ratified a new 42-month labor agreement
covering more than 800 hourly production and maintenance employees
at the company's Ashland, Kentucky
Works. The new agreement will take effect following
expiration of the existing contract on March
1, 2015.
"We are pleased that members of Local 1865 have ratified a new
labor agreement at our Ashland Works
well ahead of the expiration date," said James L. Wainscott, Chairman, President and CEO
of AK Steel. "This early agreement continues to provide a
competitive contract for AK Steel and our Ashland Works employees."
The new agreement will expire on September 1, 2018.
AK Steel
AK Steel is a world leader in the production of flat-rolled carbon,
stainless and electrical steel products, primarily for automotive,
infrastructure and manufacturing, construction and electrical power
generation and distribution markets. Headquartered in West Chester, Ohio (Greater Cincinnati), the company employs
approximately 8,000 men and women at eight steel plants, two coke
plants and two tube manufacturing plants across six states:
Indiana, Kentucky,
Michigan, Ohio, Pennsylvania and West Virginia. The company also has
interests in iron ore through its Magnetation LLC joint venture and
in metallurgical coal through its AK Coal Resources, Inc.
subsidiary. Additional information about AK Steel is available at
www.aksteel.com.
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SOURCE AK Steel