USW Members Ratify Labor Agreement For AK Steel's Mansfield Works
WEST CHESTER, Ohio, Feb. 24, 2014
WEST CHESTER, Ohio, Feb. 24, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) said
today that members of the United Steelworkers (USW) Local 169 have ratified a
three-year labor agreement covering about 280 hourly production and
maintenance employees at the company's Mansfield (OH) Works.
"We are pleased to have reached a new labor agreement at our Mansfield Works
ahead of the expiration date," said James L. Wainscott, Chairman, President
and CEO of AK Steel. "The agreement continues to serve the interests of both
the company and Local 169 members in an increasingly competitive, global steel
The current agreement expires on March 31, 2014. The new agreement will take
effect on March 31, 2014 and expire on March 31, 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, produces
metallurgical coal from 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
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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