TimkenSteel employees who are members of the United Steelworkers (USW) Local 1123 have failed to ratify a second tentative agreement between their bargaining representatives and the company.

"We're extremely disappointed because both the company and the union returned to the bargaining table a few weeks ago and once again worked hard to arrive at a fair and realistic agreement focused on benefitting our employees and the community," said Bill Bryan, TimkenSteel's executive vice president of manufacturing and supply chain. "The agreement, which was voted down despite recommendation from the union's bargaining committee, offered our employees the ability to continue to earn some of the best wages and benefits packages in Stark County, while allowing TimkenSteel to stand stronger against the significant competitive pressures the company faces as an independent steel producer in today's global marketplace."

The tentative agreement that was not ratified in today's vote offered TimkenSteel's Canton-based bargaining employees annual increases to base wages as well as competitive and flexible healthcare and retirement benefits for all members, and it supported a continued focus on operating safety and employee wellbeing.

The USW Local 1123 represents approximately 1,650 employees at the company's facilities in Canton, Ohio.

Additional information can be found at www.timkensteel.com/agreement. 

 

Source:prnewswire.com

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