United Steelworkers Local 1223 have voted in favor of the new contract, a four-year collective bargaining agreement, that's been months in the making between Esmark and the union.
According to Officials, 218 of the 252 members eligible to vote voted, an 87 percent turnout. Of those who voted, 194 voted in favor while 24 voted against.
In a press release, the Chairman and Chief Executive Officer of Esmark, James Bouchard, applauded the ratification vote.
"We're very pleased that after months of negotiations the union members found the contract offer to provide for a strong wage, benefits and profit sharing packages," said Bouchard. "We thank them for their patience during the negotiation process, and also extend our thanks to USW District 1 Director Dave McCall and Local 1223 President Jerry Conners for their continued support and collaboration."
Esmark Steel Group Chief Executive Officer Tom Modrowski said some key economic provisions of the four-year collective bargaining agreement include wage increases over the term of the four-year agreement, comprehensive healthcare for workers and their families, financial contributions to the Steelworker Pension Fund and participation in a Voluntary Employee Beneficiary Association (VEBA) Trust providing healthcare benefits for retired union workers.
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