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STEELWORKERS RATIFY LUKENS CONTRACT

 STEELWORKERS RATIFY LUKENS CONTRACT
 COATESVILLE, Pa., Jan. 14 /PRNewswire/ -- Steelworkers Local 1165


voted to end a 15-week-old strike against Lukens Steel Company by ratifying the company's proposal for a four-year labor contract.
 Steelworkers cast their ballots between noon and 6 p.m. Monday, voting 978 to 95 for the contract.
 "Lukens is happy with the ratification vote by Steelworkers Local 1165," said Robert Schaal, president and chief operating officer. "We expect that the first of our hourly employees will begin to return to work within the next week. We are working with the union leadership on the process of returning people to their jobs."
 Some improvements included in the contract are:
 -- Wage increases averaging $2.50 per hour over a term of four years, compared to average hikes of $2 per hour over three years offered in a previous proposal that the union rejected on Oct. 25.
 -- A minimum guaranteed pension increases to $1,100 per month for employees with at least 30 years of service or the 62/15 rule (effective Jan. 1, 1992). In each subsequent year of the agreement, the minimum guaranteed pension increases $100 per month, up to $1,400 per month.
 -- Numerous adjustments improving health and medical benefits.
 Schaal continued, "Obviously, pensions were improved significantly from previous offers. This was in exchange for language that gives the company more flexible work practices in the plant. Although we recognize that the contract will increase costs, the additional costs fell within our expectations. We can certainly live with this contract, given the efficiencies we plan to implement."
 Negotiators for Lukens and the union met extensively last week to resolve disagreements over a section of the agreement dealing with seniority. The company and the union agreed to implement a plant-wide seniority program.
 "We certainly hope this contract will bring in a long period of harmony with our hourly employees," Schaal said. "We now must try to work out differences in a constructive manner that assures that our mutual interests will be satisfied. We hope this is the last time there is a strike at Lukens."
 Lukens is the third largest plate steel maker in America and the largest subsidiary of Lukens Inc. (NYSE: LUC), which also provides highway and industrial safety products, corrosion protection services and materials-handling products.
 /delval/
 -0- 1/14/92
 /CONTACT: W.E. Walker of Lukens, 215-383-2504/
 (LUC) CO: Lukens Inc.; Steelworkers Local 1165 ST: Pennsylvania IN: MNG SU: CON


KA -- PH015 -- 9509 01/14/92 11:28 EST
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Date:Jan 14, 1992
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