Business
Stelco and Local 1005 conclude tentative collective agreement
Stelco and Local 1005 conclude tentative collective agreement.
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n\n\n\n\nHAMILTON, ON, June 15 /CNW/ - Stelco Inc. (TSX:STE) announced today that\nit has concluded a tentative renewal collective agreement with Local 1005\nUnited Steelworkers, which represents 2,400 hourly employees at the Company's\nHamilton facilities, Hamilton Steel.\nThe proposed four-year agreement will succeed the current collective\nagreement, which expires on July 31, 2006. Details will not be disclosed until\nthe agreement has been presented to and voted on by the Local membership.\nRodney B. Mott, Stelco President and Chief Executive Officer, stated\nthat, \"It has been a priority to indicate to Hamilton Steel's employees,\ncustomers, and shareholders our desire to ensure the long-term viability of\nHamilton Steel Works and also recognize the need for competitive wages and\nproper benefits. The steelworkers are the foundation of any steel company and\nthey should be better utilized to enhance productivity and profitability. This\nagreement reflects that belief and will enable Stelco and all of its employees\nto work together, to pursue growth, and to generate value as we move forward\".\n\"I am very pleased with the positive and productive discussions between\nthe Company and Local 1005 during the negotiation process. I believe the\nagreement is fair, reasonable and responsible to all concerned\", added Bill\nMcKenzie, Vice President Stelco, General Manager Hamilton Steel.\nThe Local 1005 bargaining committee is unanimously recommending that its\nmembers accept the proposed agreement during the upcoming ratification\nprocess.\n\nAbout Stelco\nStelco is one of Canada's largest publicly-traded steel companies. It is\nfocused on its two Ontario-based integrated steel businesses located in\nHamilton and in Nanticoke. These operations produce high quality value-added\nhot rolled, cold rolled, coated sheet and bar products. This news release may\ncontain forward-looking information with respect to the Corporation's business\noperations, financial performance and conditions. Actual results may differ\nfrom expected results for a variety of reasons including factors discussed in\nthe Corporation's Management's Discussion and Analysis section of the\nCorporation's 2005 Annual Report. To learn more about Stelco and its\nbusinesses, please refer to our Web site at www.stelco.com.\n%SEDAR: 00001549E\n\n\n","length":2378,"tagNa...