Saturday, July 10, 2010
Union Accepts AK Steel Contract
KENTUCKY....
Union workers at AK Steel's Ashland Works have voted 511 to 53 to accept a new contract which will serve as a three-year extension to the current contract that was set to expire on September 1st. The contract includes a $1,500 lump sum bonus every year for the next three years, a $1 an hour wage increase and no health coverage changes for active or retired steelworkers. The tentative agreement also includes a company pension contribution increase and a top economic security package for junior service employees. Ashland Works agreed to invest more than $30 million in blast furnace and other upgrades. Nearly 1,100 AK Steel Ashland Works employees come from three states, as do the contracting companies who supply the plant.
# posted by Homer Owens @ 7:46 PM 
