Alton Steel union OKs 2-year labor extension
May 10, 2013 | 04:21 PM
| Corinna Petry
CHICAGO Members of United Steelworkers union Local 3643 ratified a two-year contract extension May 5 with Alton Steel Co., which local president Terry Wooden called a win-win for both sides, as it provides stability for members and allows the company to know what its fixed costs will be through the end of the contract.
The Alton, Ill.-based company approached Wooden roughly two months ago about extending the existing contract, which was to expire this August. It now expires in 2015.
"It took about six weeks of talking to come to terms," he told AMM. "The terms are consistent but a little better on the hourly (wage) rate." ....
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