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Accuride Corporation | Terry Keating. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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FOR IMMEDIATE RELEASE Evansville, Ind. —April 29, 2005—Gunite Corporation, a subsidiary of Accuride Corporation (NYSE:ACW), announced today that the Company and the International Union, United Aerospace and Agricultural Implement Workers of America (UAW), Local 718 have successfully reached a new collective bargaining agreement, covering approximately 150 employees at its foundry in Rockford, Ill. The two parties have been engaged in ongoing productive negotiations since March and reached a tentative agreement on April 26, 2005. On April 28, the UAW informed the Company that its members had voted to accept the contract. The new agreement is effective May 1, 2005, through November 17, 2007. "We are very happy with the contract agreement that has been reached," said Terry Keating, Accuride's President and CEO. "Throughout the negotiations process, the Company and the Union have diligently worked toward reaching an agreeme |
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