Metallus and USW Local 1123 Celebrate New Four-Year Labor Agreement in Ohio
On February 5, 2026, Metallus Inc. (NYSE: MTUS), a prominent manufacturer of specialty metals and supply chain solutions, made headlines by announcing that employees from United Steelworkers (USW) Local 1123 have agreed to a new four-year contract. This deal signifies a commitment from both the company and its workforce, reinforcing their mutual dedication.
CEO Mike Williams expressed satisfaction over the successful negotiations, emphasizing that the contract is a reflection of both the hard work of the employees and the organization's intent to foster a healthy working environment. He stated, "We are pleased to have reached a mutually beneficial contract that reflects the dedication of our workforce and the company."
This newly ratified contract, which will be effective from February 5, 2026, until September 30, 2029, guarantees annual increases in base wages, alongside competitive healthcare and retirement benefits for all union members. A strong emphasis is also placed on employee wellbeing and the operational commitment to safety and sustainability.
Metallus, based in Canton, Ohio, has been a significant player in the specialty metals industry, crafting high-performance materials required across various sectors including industrial, automotive, aerospace, defense, and energy. With a legacy of over a century in producing high-quality steel, Metallus boasts a workforce of approximately 1,850 employees generating around $1.1 billion in sales as of 2024.
The latest contract is seen as an essential step for Metallus to continue aligning its operations with its strategic priorities, such as maintaining strong cash flow and enduring profitability despite market fluctuations. As the industry evolves, forging a solid partnership with the union is crucial for the sustained growth and performance of the company. The agreement is thus pivotal, affirming that both company management and its labor force are committed to a shared future built on collaboration and progress.
As the company moves ahead with its new contract, it also anticipates addressing broader economic challenges and navigating changes in customer demand, labor costs, and competitive pressures. The successful contract negotiation underscores Metallus’ capacity to manage operations effectively while ensuring that the interests of its employees are prioritized.
In summary, the ratification of this contract marks a significant milestone for both Metallus and USW Local 1123, showcasing a cooperative spirit aimed at fostering a thriving workplace, enhancing job security, and promoting sustainable growth. This partnership reiterates the importance of labor relations in the manufacturing sector, setting a positive precedent for future negotiations between labor and management in various industries.
CEO Mike Williams expressed satisfaction over the successful negotiations, emphasizing that the contract is a reflection of both the hard work of the employees and the organization's intent to foster a healthy working environment. He stated, "We are pleased to have reached a mutually beneficial contract that reflects the dedication of our workforce and the company."
This newly ratified contract, which will be effective from February 5, 2026, until September 30, 2029, guarantees annual increases in base wages, alongside competitive healthcare and retirement benefits for all union members. A strong emphasis is also placed on employee wellbeing and the operational commitment to safety and sustainability.
Metallus, based in Canton, Ohio, has been a significant player in the specialty metals industry, crafting high-performance materials required across various sectors including industrial, automotive, aerospace, defense, and energy. With a legacy of over a century in producing high-quality steel, Metallus boasts a workforce of approximately 1,850 employees generating around $1.1 billion in sales as of 2024.
The latest contract is seen as an essential step for Metallus to continue aligning its operations with its strategic priorities, such as maintaining strong cash flow and enduring profitability despite market fluctuations. As the industry evolves, forging a solid partnership with the union is crucial for the sustained growth and performance of the company. The agreement is thus pivotal, affirming that both company management and its labor force are committed to a shared future built on collaboration and progress.
As the company moves ahead with its new contract, it also anticipates addressing broader economic challenges and navigating changes in customer demand, labor costs, and competitive pressures. The successful contract negotiation underscores Metallus’ capacity to manage operations effectively while ensuring that the interests of its employees are prioritized.
In summary, the ratification of this contract marks a significant milestone for both Metallus and USW Local 1123, showcasing a cooperative spirit aimed at fostering a thriving workplace, enhancing job security, and promoting sustainable growth. This partnership reiterates the importance of labor relations in the manufacturing sector, setting a positive precedent for future negotiations between labor and management in various industries.
Topics Heavy Industry & Manufacturing）
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