Economy
August 7, 2015
ATI Delivers “Last, Best, and Final” Contract Proposal
Written by Sandy Williams
ATI Flat Rolled Products presented its “Last, Best and Final” contract proposal to the USW negotiating committee on Friday. The more than 2,000 union represented employees at ATI have been working under terms of a contract that expired June 30, 2015.
ATI management told employees that changes must be made to adapt to a changing U.S. and global steel market. Allegheny Technologies Inc. reported a net loss of $16.4 million for the second quarter of 2015. President and CEO Rich Harshman called it a “challenging quarter due to business conditions in the Flat Rolled Products segment.” The Flat Rolled Products segment sales and volumes were down due to low prices and a continued weak oil and gas market.
