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.....





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