TMK IPSCO was notified on April 22 by the United Steelworkers and its Local 1870 that union members at the Company's Wilder, Ky., plant have ratified the tentative labor agreement reached last week. The new contract replaces one that expired April 15, 2009 and will remain in effect through April 15, 2012. The contract covers approximately 300 production and maintenance employees.
The terms of the new agreement include a freeze on base wages for the first year of the contract, significant improvements in work force flexibility, an investment in training for maintenance employees, and introduction of a new incentive plan based on productivity, quality, attendance and housekeeping.
TMK IPSCO operates in North America as a division of TMK, the largest pipe producer in Russia and one of the three global market leaders. TMK IPSCO is a leading producer of energy tubulars. It operates one steel mill and nine pipe mills and product finishing facilities in seven states across the United States. TMK IPSCO's pipe mills produce a wide range of seamless and welded energy tubular products including oil & gas well casing and tubing, line pipe, drill pipe, standard pipe and hollow structural sections. TMK IPSCO also manufactures, at two plants in Texas, premium connections for oil and natural gas drilling and production under the ULTRA brand name.
