CANTON, Ohio, Dec. 1, 2017 /PRNewswire/ -- The United
Steelworkers (USW) Local 1123 members voted in favor of a new
four-year contract with TimkenSteel today.
"For 100 years, TimkenSteel has been making some of the best
steel in the world here in Stark
County," said Bill Bryan,
TimkenSteel's executive vice president of manufacturing &
supply chain. "This contract ratification keeps our employees –
many of whom are second- or third-generation steelworkers – earning
some of the area's top wages and keeps our company competitive in
manufacturing the world's best special bar quality steel. As we
prepare for our 101st year of operation in 2018, we are
working together to deliver our customers the best we have to offer
in terms of service, quality and innovation."
The contract, which is in effect until Sept. 27, 2021, offers TimkenSteel's Canton-based bargaining employees increases to
permanent base wages every year, a signing bonus, annual bonus
opportunities, high-quality healthcare and retirement benefits for
all members, and a continued focus on safety and employee
wellbeing.
The USW Local 1123 represents approximately 1,650 employees at
the company's facilities in Canton,
Ohio.
Additional information can be found at
www.timkensteel.com/agreement.
About TimkenSteel Corporation
TimkenSteel (NYSE:
TMST, timkensteel.com) creates tailored steel products and services
for demanding applications, helping customers push the bounds of
what's possible within their industries. The company reaches around
the world in its customers' products and leads North America in large alloy steel bars (up to
16 inches in diameter) and seamless mechanical tubing made of its
special bar quality (SBQ) steel, as well as supply chain and steel
services. TimkenSteel operates warehouses and sales offices in five
countries and has made its steel in America for 100 years. The
company posted sales of $870 million
in 2016. Follow us on Twitter @TimkenSteel and on Instagram.
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SOURCE TimkenSteel Corporation