Timken Expansion on Hold After Union Rejects Labor Deal

Jan. 17, 2012
Company plans to explore other options globally.
The Timken Co. said Jan. 17 the United Steelworkers union rejected a labor agreement that would have secured a plant expansion in Ohio. Timken will explore other investment opportunities around the world, said Timken Steel Business President Salvatore Miraglia. "Many parts of this company are growing and expanding around the world," said Miraglia in a prepared statement. "We are disappointed in this outcome because the contract was a necessary step before our commitment to invest $225 million in steel operations in Canton." Steelworkers Local 1123 based in Canton voted 917-608 to reject the agreement, according to the union's website. The existing contract remains in effect until Sept. 2013. Timken offered workers a contract that included wage and benefit increases, a signing bonus for ratification and additional job security measures, the company said.

Popular Sponsored Recommendations

Top 3 Ways AI is Transforming Manufacturing Operations

Feb. 17, 2024
Unlock the power of Industry 4.0 with AI and IoT. Explore how real-time data and automation are reshaping manufacturing, driving efficiency and quality to new heights. Dive into...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

2024 State of Procurement

April 10, 2024
Amazon Business has unveiled the 2024 State of Procurement Data Report, spotlighting the most relevant trends impacting decision-makers from organizations of every size. The findings...

2024 State of Procurement

April 10, 2024
Amazon Business has unveiled the 2024 State of Procurement Data Report, spotlighting the most relevant trends impacting decision-makers from organizations of every size. The findings...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!