Universal Stainless & Alloy Products, Inc. (USAP), recently announced that it has reached a new 5-year collective bargaining agreement with the hourly employees at its Titusville, Pennsylvania, facility represented by Local 7312-03 of the United Steelworkers.
The new 5-year collective bargaining agreement has been ratified by the bargaining unit and was effective as of October 1, 2015. The new contract maintains the flexible work rule terms and profit sharing incentives contained in the prior agreement.
Dennis Oates, President and Chief Executive Officer, commented: “We are pleased that we have a new labour agreement at our Titusville facility that is in the best interests of our employees, customers and shareholders.”
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, PA, manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing.