Allegheny Technologies Issues Statement Regarding NLRB Complaint
February 11 2016 - 4:37PM
Business Wire
Allegheny Technologies Incorporated (NYSE:ATI) today released a
statement regarding the complaint issued by the Pittsburgh regional
office of the National Labor Relations Board (NLRB) concerning the
lockout involving approximately 2,200 USW-represented employees of
ATI's Flat Rolled Products business and its operations at 34th
Avenue in Albany, OR, and Lockport, NY:
ATI believes this is a legal work stoppage
that resulted after a lack of progress in contract negotiations. We
further believe that the allegations of the complaint are not
supported by the facts or the law, and ATI will vigorously
challenge the complaint through the appropriate legal process.
The NLRB’s complaint is not a finding of
fact. Rather, it marks the start of a process in which ATI will
present evidence that the Company, faced with increasingly
non-competitive labor costs, bargained in good faith with the USW
to reach agreements that would protect great jobs. This is the
beginning of a potentially lengthy legal process that, including
appeals, could take years to resolve.
Since contract negotiations began, ATI and
its employees and representatives have acted lawfully, reasonably
and in good faith. We remain committed to successfully resolving
the labor dispute and negotiating a fair and competitive labor
agreement, which is critical to returning this business to
sustainable profitability in the face of U.S. and global
competition, and keeping great jobs at our plants today and into
the future.
Creating Value Thru Relentless Innovation®
Allegheny Technologies Incorporated is one of the largest and
most diversified specialty materials and components producers in
the world with revenues of approximately $3.7 billion in 2015. At
December 31, 2015, ATI had approximately 9,200 full-time employees
world-wide who use innovative technologies to offer global markets
a wide range of specialty materials solutions. Our major markets
are aerospace and defense, oil and gas/chemical and hydrocarbon
processing industry, electrical energy, medical, automotive, food
equipment and appliance, and construction and mining. The ATI
website is www.ATImetals.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160211006479/en/
Allegheny Technologies IncorporatedDan L. Greenfield,
412-394-3004
ATI (NYSE:ATI)
Historical Stock Chart
From Mar 2024 to Apr 2024
ATI (NYSE:ATI)
Historical Stock Chart
From Apr 2023 to Apr 2024