RG to reduce non-union salaries, benefits: exec
May 01, 2012 | 03:01 PM
| Anne Riley
Tags
RG Steel,
Sparrows Point,
steel,
John Goodwin,
salaries,
worker benefits,
Anne Riley
NEW YORK - RG Steel LLC is implementing pay and benefit cuts for salaried employees as part of previously announced cost-cutting initiatives, a company executive told AMM.
“As we continue our cost-cutting efforts, we are asking all of the salaried staff to make some concessions,” the executive said. “It’s part of our comprehensive plan to bridge what we think will be a tough couple of months as the market rebounds.”
The cuts, which might affect both salaries and matching benefits, will be implemented across the company’s operations and not just at its Sparrows Point, Md., mill, he said. Unionized workers won’t be affected, he added.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here