Printer Friendly

STEELWORKERS RATIFY NEW CONTRACT WITH NATIONAL STEEL

 PITTSBURGH, Aug. 27 /PRNewswire/ -- Members of the United Steelworkers of America (USWA) employed by National Steel Corp. (NYSE: NS) today overwhelmingly approved a landmark six-year contract that gives them representation on the company's board of directors.
 The vote, covering about 6,300 USWA members, was 4,820 in favor and 470 opposed, a margin of 91 percent. The turnout was 80 percent.
 Harry Lester, director of USWA District 29 and chairman of the USWA negotiating commitee, and Paul Aldridge, director of USWA District 34, the committee secretary, said the margin of approval was a validation of the union's "New Directions" bargaining policy.
 "This contract not only improves wages, pensions and other benefits," they said in a joint statement, "it builds upon the guaranteed employment security the union first negotiated in 1986 by giving our members a voice at the very highest level of the company.
 "We believe this involvement is good for both our members and the company. With this broader partnership, we can meet the ever-growing challenges of the global economy."
 /delval/
 -0- 8/27/93
 /CONTACT: USWA Communications Department, 412-562-2442/
 (NS)


CO: United Steelworkers of America; National Steel Corporation ST: Pennsylvania, Indiana IN: MNG SU: CON

DM -- PG009 -- 6656 08/27/93 13:42 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 27, 1993
Words:207
Previous Article:BEAR STEARNS MORTGAGE CTFS SER 1993-8 CLS A/P/X/R 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:STERN'S TO ANCHOR LEDGEWOOD MALL, LEDGEWOOD, N.J.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters