NEW YORK Dunkirk
Specialty Steel LLC says it has reached a new five-year
collective bargaining agreement with its hourly employees
represented by Local 2693 of the United Steelworkers union in
"We believe the new contract is
beneficial to our employees and is in the best interests of our
customers and shareholders," Dennis M. Oates, chief executive
officer of Bridgeville, Pa.-based parent company Universal
Stainless & Alloy Products Inc., said in a statement. "The
new contract maintains the flexible work rule terms and
profit-sharing incentives contained in the prior
The original contract, which
expired Oct. 31, was temporarily extended to allow negotiations
to continue (amm.com, Nov. 1).
The company did not return calls for comment.