Accuride Erie Employees Ratify A New Collective Bargaining Agreement.Business Editors/Automotive Writers EVANSVILLE, Ind. & ERIE, Pa.--(BUSINESS WIRE)--Sept. 2, 2003 Employees at Accuride Corporation's manufacturing plant in Erie, Pennsylvania “Erie” redirects here. For other uses, see Erie (disambiguation). Erie (pronounced IPA: /ˈɪəri/) is a major industrial city on the shore of Lake Erie in the northwestern corner of the U.S. ratified a new collective bargaining agreement The contractual agreement between an employer and a Labor Union that governs wages, hours, and working conditions for employees and which can be enforced against both the employer and the union for failure to comply with its terms. on Saturday, August 30, 2003. Accuride Corporation and the United Automobile, Aerospace & Agricultural Implement Workers Local 1186 have been negotiating terms for a new collective bargaining agreement since July 15. The parties' most recent agreement was entered into in 1998 and was set to expire at midnight Sunday, August 31, 2003. The Union informed Accuride management of the successful outcome of the ratification vote on Saturday. Approximately 150 hourly employees at the Erie Plant will be covered by the new agreement, which is effective until August of 2007. The new agreement includes incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. general wage increases and pension improvements for employees and provisions to enhance the Erie plant's operating effectiveness and increase productivity. "We are very pleased that the new agreement was ratified. Our employees and their families will continue to enjoy a highly competitive wage and benefits package. And, we have achieved our goals of enhancing the ongoing effectiveness and productivity of the Erie Plant so it will be a successful competitor now and in the future. This is a positive outcome for all of Accuride's stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. - our employees, customers, investors and, of course, the communities in which we do business," said Craig Kessler, Accuride's Vice President of Operations. "Throughout the negotiations process, the Company and the Union worked hard and long to reach an agreement. I am especially pleased with the workforce that did its part by steadily producing aluminum wheels for our customers. I want to extend my heartfelt thanks to everyone at Accuride's Erie Plant. This has truly been a team effort." Accuride is North America's largest manufacturer and supplier of wheels for heavy/medium trucks and trailers. The Company offers the broadest product line in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. heavy/medium wheel industry and is the only North American manufacturer and supplier of both steel and forged aluminum heavy/medium wheels. Accuride also produces wheels for buses, commercial light trucks, pick-up trucks, sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. , and vans. Accuride has steel wheel operations in Henderson, Kentucky Henderson is a city located in Henderson County, along the Ohio River in Western Kentucky. It was called "Red Banks" by the native Americans who originally lived and hunted there because of the reddish clay soil on the banks of the river. ; London, Ontario, Canada; and Monterrey, Mexico. Accuride has aluminum wheel operations in Erie, Pennsylvania, and Cuyahoga Falls, Ohio Cuyahoga Falls is a city in Summit County, Ohio, United States. As of the 2003 census, the city population was 50,375. It is currently the second largest city in Summit County. It is considered a suburb of both Akron and Cleveland, but is actually older than Akron. . Additionally, the Company produces tire molds at its Erie, Pennsylvania facility. Accuride also is involved in a commercial tire and wheel assembly joint venture in Springfield, Ohio Springfield is a city in the U.S. state of Ohio and the county seat of Clark CountyGR6. The municipality is located in southwestern Ohio and is situated on the Mad River and Buck Creek, approximately 45 miles (72 km) west of Columbus and 25 miles (40 . For more information, visit Accuride's website at http://www.accuridecorp.com. Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the Company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the Company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. |
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