Timken plans to restart labor negotiations with the United Steelworkers on Friday. The union and the company had reached a tentative four-year deal earlier this month, but workers rejected those terms.
The Timken Co. plans to restart negotiations with the United Steelworkers over a $225 million expansion of its Faircrest steel plant in Canton. Workers this month rejected a tentative contract between the company and the union.CLEVELAND, Ohio -- Timken Co. and its main union will resume negotiations Friday on a new contract that would support a $225 million expansion of the company's Faircrest Steel Plant near Canton.
The company and the United Steelworkers Local 1123 reached an agreement about two weeks ago that would have guaranteed the expansion, but workers rejected the tentative pact by a wide margin.
The rejected contract would have offered workers pay increases for each of the next four years, a $2,000 signing bonus and improvements to health care and retirement plans for entry level workers.
Union leaders said they believe workers rejected the terms because they wanted the company to offer the same benefits to veteran and new workers.
Last month, the state offered $19.5 million in tax breaks to Timken to help fund the project. Timken agreed to keep employment levels steady for at least 18 years.