Economy
Union Signs New Contract at PTC Alliance
Written by Tim Triplett
September 26, 2018
PTC Alliance has reached a new four-year labor agreement with union workers at its Alliance, Ohio, plant. PTC Alliance manufactures welded and cold drawn mechanical steel tubing. The company employs about 220 workers covered by the Steelworkers contract, signed Sept. 23. Terms of the pact were not disclosed.
The company’s relations with the union have not always been amicable. In August 2017, striking workers walked off the job for two and a half months. More recently, PTC’s parent company filed a notice with the state of its intent to temporarily lay off 94 employees in November in anticipation of a fourth-quarter decline in welded tube orders. How the new contract affects those layoff plans is unclear.
“We are gratified that we’ve been able to reach an agreement with our workers that sets us on a course for increased productivity and growth over the next four years,” said Brian Drennan, vice president of operations. “We are grateful to the members of the union bargaining committee for their efforts during negotiations that helped both parties achieve this mutually beneficial agreement.”
“This new labor contract has laid the foundation that will enable PTC Alliance to continue to provide our customers with the level of quality products and service that they have come to expect and rely on,” added PTC Alliance President Cary Hart. “We have reached an agreement that ensures our employees continue to earn some of the best wages in the region and in the steel industry nationally.”
Major customers of PTC Alliance include steel service centers, automotive and truck manufacturers, and construction and agricultural equipment OEMs. The company’s other plants are in Darlington and Beaver Falls, Pa.; Fairbury and Chicago Heights, Ill.; Richmond, Ind.; and Hannibal, Mo.
Tim Triplett
Read more from Tim TriplettLatest in Economy
Steel groups welcome passage of budget bill
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.
Industry groups praise Senate for passing tax and budget bill
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate's tax and budget reconciliation bill.
Chicago PMI dips 0.1 points in June
The Chicago Purchasing Managers Index (PMI) slipped 0.1 points to 40.4 points, in June.
Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.
Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.