This morning in metals news: the United Steelworkers union this week announced it had reached a tentative deal with Allegheny Technologies Inc. (ATI) to end a three-month strike; meanwhile, Ford China’s sales rose by 24% in the first half of the year; and, lastly, the U.S. and Mexico announced a course of remediation under the United States-Mexico-Canada Agreement (USMCA) Rapid Response Labor Mechanism.
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USW announces tentative deal to end ATI strike
The United Steelworkers union in late March announced a strike at nine ATI facilities, citing “unfair labor practices.”
About three months later, that strike appears to be at an end.
The union this week announced it had reached a tentative deal on a four-year contract with ATI to end the labor stoppage.
“Broadly, the proposed agreement provides lump sum payments, meaningful wage increases and maintains a premium-free health insurance plan for union members without establishing a permanent lower tier of benefits for new hires,” the USW said in a release earlier this month.
“If the proposed agreement is ratified, the recall process would begin immediately, and USW members are expected to return to work shortly after the ratification process is complete.”
Ford China touts sales rise
Ford China reported its first-half sales jumped by 24%.