Associated Spring Announces Acceptance of National Pension and Healthcare Contract.BRISTOL, Conn. -- Associated Spring, a business unit of Barnes Group Inc. (NYSE NYSE See: New York Stock Exchange : B), today announced that employee members of United Auto Workers The United Auto Workers (UAW), headquartered in Detroit, Michigan, officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union (UAW (spelling) UAW - Misspelling of "IAW"? ) collective bargaining collective bargaining, in labor relations, procedure whereby an employer or employers agree to discuss the conditions of work by bargaining with representatives of the employees, usually a labor union. units at Associated Spring's facilities in Bristol, Connecticut Bristol is a city located in Hartford County, Connecticut, 20 miles (32 km) southwest of Hartford. According to 2006 Census Bureau estimates, the population of the city is 61,353. , Corry, Pennsylvania Corry is a city in Erie County, Pennsylvania, United States. The population was 6,834 at the 2000 census. Geography Corry is located at (41.924947, -79.640511)GR1. , and Saline, Michigan have voted to ratify a 38-month national agreement for pension and healthcare benefits. The agreement, which covers approximately 475 employees and approximately 800 retirees, is effective as of January 1, 2006, and will expire February 28, 2009. E[acute accent]"Associated Spring and the UAW have worked diligently to address the global competitiveness of the Company," said Gregory F. Milzcik, President, Associated Spring. "This agreement begins to deal with the escalating long-term healthcare and retiree medical costs that represent a significant challenge to the competitive position of American manufacturers such as Associated Spring." E[acute accent]In addition, Associated Spring also announced the ratification of three-year local collective bargaining agreements 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. with UAW Local 712 at the Bristol, Connecticut facility and UAW Local 629 at the Corry, Pennsylvania facility. E[acute accent]Barnes Group Inc. (www.barnesgroupinc.com) is a diversified international manufacturer of precision metal components and assemblies and a distributor of industrial supplies, serving a wide range of markets and customers. Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group consists of three businesses with 2004 sales of $994.7 million: Barnes Distribution, an international, full-service distributor of maintenance, repair, operating, and production supplies; Associated Spring, one of the world's largest manufacturers of precision mechanical and nitrogen gas springs and a global supplier of retaining rings, reed valves, shock discs, and injection-molded plastic components; and Barnes Aerospace, a manufacturer and repairer of highly engineered assemblies and components for commercial and military aircraft engines, airframes, and land-based industrial gas turbines. Over 6,000 dedicated employees at more than 60 locations worldwide contribute to Barnes Group Inc.'s success. |
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