BUSINESS

United Steel Workers ratify new contract with Essar Steel Algoma

07/06/2013 02:29 EDT | Updated 09/04/2013 05:12 EDT
SAULT STE MARIE, Ont. - Essar Steel Algoma Inc. says members of United Steel Workers Local 2251 in Sault Ste Marie, Ont. have ratified a new three year contract.

The agreement covering production and trades employees was hammered out last week and is effective Aug. 1.

In a release issue late Friday night, Essar Steel Algoma says ratification of the agreement gives the business the stability it needs, while providing employees, customers and suppliers the security they need.

Details of the contract have not been released, however, the union had been seeking changes in workplace conditions as well as benefit and wage improvements.

Essar Steel is a multinational company based in India.

It acquired the formerly independent Algoma Steel and took it private in 2007.