Essar Steel Algoma Inc. Reaches Tentative Agreement with USW Local 2251
Tentative agreement unanimously recommended by USW 2251 bargaining
SAULT STE. MARIE, ON, June 28, 2013 /PRNewswire/ – ESSAR Steel Algoma Inc.
announced today that a tentative agreement has been reached with USW
Local 2251, the union representing the Company’s hourly workers in
Sault Ste Marie. This tentative agreement has been unanimously
recommended by the USW Local 2251 bargaining committee.
This tentative agreement gives the business the stability it requires to
survive this market cycle and provides our employees, customers and
suppliers with the security they need and deserve. The three year
tentative agreement also provides support for necessary amendments to
the defined benefit pension plan.
A member of the Essar Group, Essar Steel Algoma Inc. is based in Sault
Ste. Marie, Ontario. As a fully integrated steel producer, the Company
derives its revenues primarily from the manufacture and sale of hot and
cold rolled steel products including sheet and plate.
SOURCE Essar Steel Algoma Inc.