Open / Close Advertisement

Stelco and Local 8782 Welcome Agreement with DaimlerChrysler

10/31/2004 - Stelco Inc. and United Steelworkers of America (USWA) Local 8782 jointly announced that they have reached agreement with DaimlerChrysler to extend the deadline for providing assurances regarding security of steel supply. The deadline, originally set for October 31, 2004, has now been moved to November 18, 2004.

Stelco Inc. and United Steelworkers of America (USWA) Local 8782 jointly announced that they have reached agreement with DaimlerChrysler to extend the deadline for providing assurances regarding security of steel supply. The deadline, originally set for October 31, 2004, has now been moved to November 18, 2004.

Contract negotiations between Stelco and Local 8782 are continuing.

The company and the Local agree that the discussions, while difficult at times, are going well.

Both parties believe that a successful conclusion to the negotiations is achievable.

Courtney Pratt, President and CEO of Stelco Inc., said, "We are very pleased that the company has been able to reach this agreement with DaimlerChrysler, one of our most valued customers. This extension gives us the necessary time to continue our bargaining with Local 8782, and to work toward providing the assurances that our customers need."

Bill Ferguson, President of USWA Local 8782 said, "This is welcome news for us. We've been working hard at the negotiating table for the past several weeks to come to a successful conclusion for our members."

Stelco Inc. is a large, diversified steel producer involved in all major segments of the steel industry through its integrated steel business, minimills, and manufactured products businesses.