Universal inks new Pa. plant labor deal
Jul 02, 2013 | 04:33 PM
| Daniel Fitzgerald
NEW YORK Universal Stainless & Alloy Products Inc. has reached a new five-year collective bargaining deal with 250 hourly workers at its Bridgeville, Pa., plant.
The newly ratified deal will go into effect Sept. 1, when the existing agreement expires. The new contract maintains the flexible work rule terms and profit-sharing incentives contained in the existing deal, Universal said.
United Steelworkers union Local 9531 president Jeff Astle told AMM that negotiations for the new agreement proceeded "as expected."
"We are pleased that we have a new contract with the Bridgeville employees that is beneficial to them and is in the best interests of our customers and shareholders," Universal president and chief executive officer Dennis Oates said in a statement.