Metallus and USW Local 1123 Enhance Partnership with Contract Extension
Metallus and USW Local 1123 Enhance Partnership with Contract Extension
Metallus, a renowned leader in specialty metals and supply chain solutions, has successfully come to an agreement with the United Steelworkers (USW) Local 1123 to extend their existing labor contract. This important step allows both parties to continue negotiations as they strive toward reaching a mutually beneficial agreement. The current agreement is set to expire soon, but the extension offers valuable time to work on an acceptable resolution for everyone involved.
Mike Williams, the CEO of Metallus, expressed optimism about the ongoing negotiations. He stated, 'Negotiations are progressing constructively. We remain focused on reaching a collaborative agreement that supports the long-term success of the company and meets the needs of all stakeholders. Our commitment to strong cash generation and sustained profitability across market cycles remains firm, as does our dedication to serving customers and operating safely.'
Current Workforce and Operations
The current labor agreement, which is pivotal for both the workforce and the company, encompasses around 1,200 bargaining employees who are actively contributes to operations at Metallus. This significant number highlights the company's role in providing employment opportunities and fostering a strong workplace culture.
About Metallus
Metallus has built a strong reputation as a manufacturer of high-performance specialty metals derived from recycled scrap metal. Based in Canton, Ohio, the company is well-regarded for serving demanding applications across various sectors, including industrial, automotive, aerospace, defense, and energy markets. As a leading U.S. producer of alloy steel bars and seamless mechanical tubing, Metallus has been at the forefront of steel production for over 100 years, leveraging its expertise to bolster the performance of customers' products.
Financial Performance and Growth
With a dedicated workforce of approximately 1,850 employees, Metallus achieved impressive sales figures of $1.1 billion in the previous year. This remarkable performance underscores the company's ability to thrive in competitive markets, while maintaining a focus on quality and innovation. The ongoing commitment to meeting the challenging demands of various industries reinforces Metallus's position as a cornerstone in the specialty metal sector.
Commitment to Safety and Quality
As negotiations continue, Metallus emphasizes its unwavering dedication to safety and high-quality standards in all operations. Ensuring a safe workplace is a core value that the company upholds, reflecting its responsibility to employees and stakeholders alike. The leadership team is committed to fostering an environment where both safety and operational excellence are prioritized, creating a sustainable foundation for future growth.
Looking Toward the Future
With the contract extension now in place, Metallus and USW Local 1123 aim to foster open dialogue throughout the remaining negotiation period. Both parties are committed to finding solutions that cater to the interests of the employees while allowing the company to remain robustly positioned for future challenges and opportunities. Together, they are walking a path towards a promising future for Metallus and its dedicated workforce.
Frequently Asked Questions
What is the nature of the contract extension between Metallus and USW Local 1123?
The contract extension allows both Metallus and USW Local 1123 to continue negotiations aimed at reaching a mutually beneficial agreement.
How many employees are currently covered under the agreement?
Approximately 1,200 bargaining employees at Metallus are covered under the current labor agreement.
What is Metallus known for?
Metallus specializes in high-performance specialty metals from recycled scrap metal, serving various industrial applications.
How does Metallus prioritize worker safety?
Metallus emphasizes safety as a core value, ensuring that a safe workplace is a priority in all operational practices.
What have been Metallus's recent sales figures?
In the past year, Metallus reported sales of $1.1 billion, reflecting its strong position in the specialty metals market.
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