AK Steel Reaches Tentative Union Deal - Democratic Underground

Omaha Steve

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Sat Jun-30-07 11:37 AM
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AK Steel Reaches Tentative Union Deal

http://www.forbes.com/feeds/ap/2007/06/29/ap3871975.html

AK Steel Reaches Tentative Union Deal
Associated Press 06.29.07, 12:06 PM ET

Steel products producer AK Steel Holding Corp. said Friday it reached a tentative agreement for a new labor contract with the United Auto Workers, a union representing about 190 employees at a Rockport, Indiana plant.

The agreement is expected to be voted on by local union members within a week, the company said.

The current contract will expire Sept. 30. The new contract, if ratified, will run from Aug. 1 to Sept. 30, 2013.

Shares rose 85 cents, or 2.3 percent, to $37.82 in midday trading.

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