US Steel Canada ratifies agreement with United Steelworkers Local 1005
Agreement extends through March 2015 and covers 600 USW-represented workers.
collective bargaining agreement
united steel workers
US Steel Canada
HAMILTON, Ont. — US Steel Canada, Inc. has ratified a collective bargaining agreement with its employees represented by United Steelworkers (USW) Local 1005 that will extend through until the end of March 2015.
The agreement covers approximately 600 employees at the company’s Hamilton Works facility.
“The ratification of a new collective bargaining agreement covering represented employees at Hamilton Works sends a positive signal to customers,” said Michael McQuade, president and general manager of US Steel Canada.
“Having the stability of a collective agreement through March 31, 2015, will allow the Company to focus on continuing discussions with stakeholders to implement a comprehensive operational and financial restructuring plan.”
The company said it continues to carry on business as usual while it develops and implements comprehensive restructuring solutions.
“The extension of the agreement with USW Local 1005 sends a strong message of stability to the suppliers and customers,” added William Aziz, the company’s chief restructuring officer.
Ernst & Young Inc., the Court-appointed Monitor will continue to oversee the business and financial affairs of the company during the CCAA process.
US Steel Canada’s operations has two facility in Canada: a fully integrated steelmaking facility in Lake Erie, Ont., and a cokemaking and finishing operations plant in Hamilton.
It has capacity to produce up to 2.6 million tons of steel annually and employs approximately 2,000 people.