Universal Stainless + Alloy Signs New Contract with Titusville Hourly Employees

Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that it has reached a new five-year collective bargaining agreement effective October 1, 2010, with the Titusville hourly employees represented by Local 7312-03 of the United Steelworkers (USW).

The current contract with the hourly employees at the Company's facility in Titusville, PA is scheduled to expire September 30, 2010.

President and CEO Dennis Oates commented: "We believe the new contract is beneficial to our employees and is in the best interests of our customers and shareholders. The early agreement allows us to concentrate on growing the business. The new contract contains wage and benefit increases while maintaining the flexible work rule terms and profit sharing incentives contained in the prior agreement."

Source: http://www.univstainless.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Universal Stainless & Alloy Products Inc.. (2019, February 10). Universal Stainless + Alloy Signs New Contract with Titusville Hourly Employees. AZoM. Retrieved on June 01, 2023 from https://www.azom.com/news.aspx?newsID=23294.

  • MLA

    Universal Stainless & Alloy Products Inc.. "Universal Stainless + Alloy Signs New Contract with Titusville Hourly Employees". AZoM. 01 June 2023. <https://www.azom.com/news.aspx?newsID=23294>.

  • Chicago

    Universal Stainless & Alloy Products Inc.. "Universal Stainless + Alloy Signs New Contract with Titusville Hourly Employees". AZoM. https://www.azom.com/news.aspx?newsID=23294. (accessed June 01, 2023).

  • Harvard

    Universal Stainless & Alloy Products Inc.. 2019. Universal Stainless + Alloy Signs New Contract with Titusville Hourly Employees. AZoM, viewed 01 June 2023, https://www.azom.com/news.aspx?newsID=23294.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit