UAW Members Ratify Labor Agreement For AK Steel's Rockport Works
WEST CHESTER, Ohio, Aug. 28, 2013
WEST CHESTER, Ohio, Aug. 28, 2013 /PRNewswire/ -- AK Steel (NYSE: AKS) said
today that members of the United Auto Workers Local 3044 have ratified a
four-year labor agreement covering about 195 hourly production employees at
the company's Rockport (IN) Works.
"We are pleased to have reached a competitive labor agreement at our Rockport
Works ahead of the expiration date," said James L. Wainscott, Chairman,
President and CEO of AK Steel. "The new agreement will help Rockport Works
continue to serve our valued customers with outstanding quality and
The current agreement expires on September 30, 2013. The new agreement takes
effect September 30, 2013 and expires on September 30, 2017.
AK Steel produces flat-rolled carbon, stainless and electrical steels,
primarily for automotive, infrastructure and manufacturing, construction and
electrical power generation and distribution markets. The company employs
about 6,100 men and women in Middletown, Mansfield, Coshocton and Zanesville,
Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its
corporate headquarters in West Chester, Ohio. Additional information about AK
Steel is available on the company's web site at www.aksteel.com.
AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and
women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces
carbon and stainless electric resistance welded (ERW) tubular steel products
for truck, automotive and other markets. Additional information about AK Tube
LLC is available on its web site at www.aktube.com.
AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, controls
and is developing metallurgical coal reserves in Somerset County,
Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture
headquartered in Grand Rapids, Minnesota, which produces iron ore concentrate
from previously mined ore reserves.
SOURCE AK Steel
Contact: Media - Michael P. Wallner, General Manager, Communications and PR
(513) 425-2688 or Investors - Roger K. Newport, Vice President, Finance and
Chief Financial Officer (513) 425-5270
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