Allegheny Technologies Operations and USW Reach Tentative Labor Agreements

Allegheny Technologies Incorporated (NYSE:ATI) reports it and United Steelworkers have reached a tentative agreement.

The press release is quoted as saying,

(The) four-year agreements cover approximately 3,000 employees. If ratified, the agreements will expire on June 30, 2015. The USW has informed the Company that employees covered by the collective bargaining agreements will soon be notified of the ratification process. The existing contracts have been extended and are effective through August 1, 2011.

For the complete press release, click here.