CHICAGO AK Steel Corp. aims to sign a new labor agreement with workers at its Middletown, Ohio, facility after inking a deal earlier this year for union employees at its operations in Mansfield, Ohio, according to the companys top executive.
The International Association of Machinists and Aerospace Workers (IAM) union Local 1943 represents employees at the companys Middletown Works, where a current agreement is set to expire Sept. 15, AK Steel chairman, president and chief executive officer James L. Wainscott said during a conference call with analysts April 22.
We are hopeful of reaching an early agreement with the IAM well in advance of the scheduled expiration date, he said.
That push comes after West Chester, Ohio-based AK Steel in the first quarter inked a new three-year pact with members of United Steelworkers union Local 169, which represents workers at the companys Mansfield Works, Wainscott said. In an increasingly competitive global steel industry, this new agreement serves the interest of the company, our employees and our customers, he said.
The Mansfield pact, which took effect March 31 and runs through 2017, covers 280 hourly production and maintenance workers (amm.com, Feb. 26).
Middletown Works makes hot-rolled and cold-rolled steel and supplies the automotive industry, according to AK Steels website.